Lotte Chemical Korea to sell 75.01% stake in LOTCHEM to AsiaPak, Montage Oil

News Image

By MG News | February 20, 2025 at 02:58 PM GMT+05:00

0:00

February 20, 2025 (MLN): The board of directors of Lotte Chemical Corporation (LCC Korea), the majority (75.01%) shareholder of Lotte Chemical Pakistan Limited (PSX: LOTCHEM), has entered into a Share Purchase Agreement with AsiaPak Investments Limited and Montage Oil DMCC.

The agreement involves the sale of all shares held by LCC Korea in the company, amounting to 1.13 billion shares, which constitute approximately 75.01% of the issued and paid-up capital.

This divestment is part of LCC Korea's business portfolio transformation, according to the company's filing on PSX revealed today.

The consummation of the divestment shall remain subject to the procurement of all applicable regulatory and corporate approvals and fulfillment of the requisite closing conditions.

The company shall keep the exchange apprised of all further developments in respect of the divestment.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 127,545.17
265.19M
1.53%
1917.85
ALLSHR 79,431.73
789.68M
1.08%
847.01
KSE30 38,822.96
90.67M
1.75%
669.17
KMI30 186,266.39
107.45M
0.75%
1379.89
KMIALLSHR 54,087.51
432.45M
0.60%
323.70
BKTi 32,883.37
40.86M
3.01%
961.69
OGTi 27,869.37
6.32M
0.34%
95.38
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 107,210.00 108,105.00
107,040.00
-1025.00
-0.95%
BRENT CRUDE 66.88 66.97
66.34
0.14
0.21%
RICHARDS BAY COAL MONTHLY 97.00 0.00
0.00
0.20
0.21%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.24 65.32
64.67
0.13
0.20%
SUGAR #11 WORLD 16.02 16.21
16.01
-0.18
-1.11%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg