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Lotte Chemical Titan Holdings Bhd (LCT) shares up after Indonesian unit stake sale

KUALA LUMPUR – Shares in Lotte Chemical Titan Holdings Bhd (LCT) after proposing to sell 49% of its stake in PT Lotte chemical Indonesia to Lotte chemical corp worth RM273.49 million

Lotte Chemical Titan will still hold 51% stake in the Indonesian Unit after the share sale.

Out of the RM273.49m, RM251.49m will utilized to fund the IPF project while the remaining funds will be for other expenses.

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