Lotte Chemical's Malaysian unit goes public this week
SEOUL, July 10 (Yonhap) -- Lotte Chemical Co., South Korea's No. 2 chemical firm, said Monday that its Malaysian unit will go public this week after raising some 1.01 trillion won (US$878 million) through a market debut there.
Lotte Chemical Titan Holding Berhads' initial public offering is the biggest in the Southeast Asian country since 2012. Lotte Chemical Titan will start trading there Tuesday.
In 2010, Lotte Chemical, formerly known as Honam Petrochemical, bought a 100 percent stake in Titan Chemicals Corp. Bhd., a Malaysian petrochemical company, for 1.5 trillion won.
Lotte Chemical Titan is Malaysia's largest producer of olefins and polyolefins products.
sam@yna.co.kr
(END)
-
NIS looking into N. Korea's suspected provision of weapons to Russia
-
BTS leader RM's new song tops iTunes charts in 82 countries
-
Paik Kun-woo's 1st Mozart album: a return to musical roots
-
N. Korea's Kim, daughter attend ceremony for new street in Pyongyang
-
Army chief to visit U.S. for talks with counterpart, land forces symposium
-
NIS looking into N. Korea's suspected provision of weapons to Russia
-
Paik Kun-woo's 1st Mozart album: a return to musical roots
-
Yoon's office vows to firmly respond to unfair treatment of S. Korean companies amid Japan's pressure on Naver
-
(2nd LD) U.S. 'deliberately' excluded Moon from 2018 Trump-Kim summit under 'America first' policy: ex-official
-
N. Korea slams U.N. members' sanctions enforcement as 'provocations'
-
N. Korea fires unspecified ballistic missile toward East Sea: JCS
-
(LEAD) Trump may like to 'solve' N. Korean nuclear problem if reelected: ex-official
-
U.S. sanctions 5 Russia-based individuals, entities linked to arms transfers between N. Korea, Russia
-
(2nd LD) N. Korea fires short-range ballistic missiles toward East Sea: JCS
-
(URGENT) N. Korea fires ballistic missile toward East Sea: S. Korean military