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메이저 토토 사이트 Chemical accelerates efforts to enhance financial soundness with an additional KRW 650 billion funding.
2025.03.06
메이저 토토 사이트 Chemical accelerates efforts to enhance financial soundness
with an additional KRW 650 billion funding.
■ Secured an additional KRW 650 billion in funding through a price return swap (메이저 토토 사이트S) contract for shares of LCI (PT Lotte Chemical Indonesia).
■ Actively pursuing financial soundness and pursuing an asset-light strategy… Following last year’s KRW 660 billion funding using LCLA shares and the decision to liquidate LUSR, the Company is proceeding with the sale of LCPL this year.
■ 메이저 토토 사이트 Chemical announced, “We will prioritize financial stability by securing stable funding in various ways and reassessing new investments with a conservative approach.”
■ Actively pursuing financial soundness and pursuing an asset-light strategy… Following last year’s KRW 660 billion funding using LCLA shares and the decision to liquidate LUSR, the Company is proceeding with the sale of LCPL this year.
■ 메이저 토토 사이트 Chemical announced, “We will prioritize financial stability by securing stable funding in various ways and reassessing new investments with a conservative approach.”
Lotte Chemical strengthens its financial soundness by securing additional funding through a price return swap (메이저 토토 사이트S) contract using shares of its Indonesian subsidiary, LCI (PT Lotte Chemical Indonesia).
LCI was established in 2016 to construct a petrochemical plant in Indonesia with an ethylene production capacity of 1 million tons and is scheduled to begin commercial production this year. 메이저 토토 사이트 Chemical plans to raise KRW 650 billion by utilizing 25% of its 49% stake in LCI. The funds will be used to improve its financial structure through debt repayment.
In October last year, Lotte Chemical secured KRW 660 billion by executing a 메이저 토토 사이트S contract using 40% of its stake in LCLA (Lotte Chemical Louisiana LLC), a U.S.-based subsidiary for ethylene glycol (EG) production. With the additional funding from LCI shares, the Company has secured a total of KRW 1.3 trillion.
Additionally, in October last year, Lotte Chemical decided to liquidate LUSR, a Malaysian subsidiary for synthetic rubber manufacture, and in February this year, it proceeded with the sale of its Pakistani subsidiary for PTA (purified terephthalic acid), LCPL. These actions align with the Company’s Asset Light strategy to improve its financial structure.
메이저 토토 사이트 Chemical stated, “We will prioritize financial stability by securing stable funding in various ways and reassessing new investments with a conservative approach.”
LCI was established in 2016 to construct a petrochemical plant in Indonesia with an ethylene production capacity of 1 million tons and is scheduled to begin commercial production this year. 메이저 토토 사이트 Chemical plans to raise KRW 650 billion by utilizing 25% of its 49% stake in LCI. The funds will be used to improve its financial structure through debt repayment.
In October last year, Lotte Chemical secured KRW 660 billion by executing a 메이저 토토 사이트S contract using 40% of its stake in LCLA (Lotte Chemical Louisiana LLC), a U.S.-based subsidiary for ethylene glycol (EG) production. With the additional funding from LCI shares, the Company has secured a total of KRW 1.3 trillion.
Additionally, in October last year, Lotte Chemical decided to liquidate LUSR, a Malaysian subsidiary for synthetic rubber manufacture, and in February this year, it proceeded with the sale of its Pakistani subsidiary for PTA (purified terephthalic acid), LCPL. These actions align with the Company’s Asset Light strategy to improve its financial structure.
메이저 토토 사이트 Chemical stated, “We will prioritize financial stability by securing stable funding in various ways and reassessing new investments with a conservative approach.”
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