Lotte Chemical Titan shareholders approve divestment of 49% stake in Indonesia petrochemical facility

Lotte Chemical Titan shareholders approve divestment of 49% stake in Indonesia petrochemical facility

The Edge Markets - Malaysia·2019-10-02 18:41

KUALA LUMPUR (Oct 2): Lotte Chemical Titan Holding Bhd (LCT) shareholders today voted in favour of the group’s plan to divest a 49% stake in its Indonesian integrated petrochemical facility project to its parent Lotte Chemical Corp. 

The divestment will lead to the parent company emerging as joint venture partner to develop the LCI New Ethylene Project (LINE project) in Cilegon, Indonesia. 

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