LOTTE, KCC, and Baring were included in the short list and they began due diligence work to PI Advanced Materials
2. Channel of rumors or media reports
the bell
3. Distributed date of rumors or media reports
2022-04-21
4. Company's explanation for rumors or media reports
- This announcement is the response to rumors or media reports about "LOTTE, KCC, and Baring were included in the short list and they began due diligence work to PI Advanced Materials" was made by The Bell on April 21, 2022.
- LOTTE Chemical participated in the Indicative Offer stage regarding the acquisition of PI advanced materials, however no specific details have been decided.
- We will re-announce the details within a month or when they are decided in the future.
(Disclosure Officer) CFO Jongwon Kang
5. Re-disclosure date
2022-05-20
※ Related disclosure
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Lotte Chemical Corporation published this content on 21 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2022 08:04:09 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.