LCT parent mulls strategic options
The Star · 08/19 23:00
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KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) says its parent company, Lotte Chemical Corp (LCC), is considering various strategic options involving the company, but has yet to make a decision.
The clarification follows media reports that the South Korean parent was looking to sell its stake in LCT.
“We wish to clarify that after making due enquiry, we understand that LCC is considering various strategic measures related to the firm without making any decision thus far,” it said in a filing with Bursa Malaysia, adding that the necessary announcements would be made if there are developments.
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