Lotte Chemical : Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
August 01, 2022 at 12:34 pm IST
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Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
1. Details of Issuing Company
Name of Company
LOTTE Battery Materials USA Corporation
Nationality
United States
Representative
-
Capital Stock (KRW)
139,603,000,000
Relationship to Company
Affiliated Company
Total Number of Shares Issued
100
Main Business
Investment battery business
2. Details of Acquisition
Number of Shares to Be Acquired
-
Acquisition Amount (KRW)
138,320,000,000
Equity Capital (KRW)
15,451,196,495,425
Ratio to Equity Capital(%)
0.9
If Classified as a Large-scale Corporation
Yes
3. Number of Shares Held and Shareholding Ratio after Acquisition
Number of Shares Held
100
Shareholding Ratio(%)
100
4. Acquisition Method
Cash
5. Purpose of Acquisition
Participation in capital increase for LOTTE Battery Materials USA Corportion's Cathode foil investment
6. Scheduled Acquisition Date
-
7. Date of Board Resolution (Decision Date)
2022-07-27
- Attendance of Outside Directors
Present(No.)
6
Absent(No.)
0
- Attendance of Auditors(members of Audit Committee)
-
8. If entered into an agreement for Put Option, Call Option, Put Back Option, etc.
No
- Details of agreements
-
9. Other references useful for making investment decisions
1. This is LOTTE Chemical's decision to participate in capital increase to LOTTE Battery Materials USA Corporation.
2. LOTTE Battery Materials USA Coporation will be acquired 70% stakes of LOTTE Aluminium's USA Cathode Foil corporation with the financial resources secured this time.
3. Above figure 1. Issuing company is USA Corporation, when establishing a corporation, 100 shares were issued with a capital of $1. Also, company don't issue separate shares more at this time.
4. Above figure 2. Details of Acquisition is $106,400,000 USD, applied trading standard ($1=1,300)
5. Above figure 2. Equity Capital is based on 'Consolidated Audit Report' in 2021
6.Below [Condensed Financial Statement of Issuing Company] is omitted because it's newly corporation.
7. Above Information may change depending on the progress and business environment.
※Title and date of other disclosure related to this one
-
[Condensed Financial Statement of Issuing Company](Mil. KRW)
Type
Total Assets
Total Liabilities
Total Shareholders' Equity
Capital Stock
Sales Amount
Net Income
Current Year
-
-
-
-
-
-
Last Year
-
-
-
-
-
-
The year before last
-
-
-
-
-
-
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Disclaimer
Lotte Chemical Corporation published this content on 01 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2022 07:03:01 UTC.
Lotte Chemical Corp is a Korea-based company mainly engaged in the production and sale of chemical products. The Company operates its business through four segments. The Polymer segment is involved in the manufacturing and sale of raw materials of plastics, home appliances and automobiles. The main polymer products include high-density polyethylene, polypropylene, low-density polyethylene, polyethylene terephthalate, among others. The Monomer segment is involved in the manufacturing and sale of raw materials of processed petrochemicals such as styrene monomer, butadiene, ethylenesic acid duct, ethylene oxide glycol. The Basic Chemical segment is involved in the manufacturing and sale of raw materials such as ethane, propylene, benzene, and toluene. The Other segment is engaged in the real estate leasing, as well as the provision of dispatch services.