Jurong Aromatics Corporation Pte. Ltd. has now been put up for sale. Six bidders have been shortlisted, among them are Exxon Mobil Corporation (NYSE:XOM), SK Holdings Co., Ltd. (KOSE:A034730) and Lotte Chemical Corporation (KOSE:A011170), The Business Times understands.

Lotte Chemical submitted a letter of intent for JAC on January 6, 2016. According to Jung Seung-han, a Lotte Chemical spokesman, the group is now studying whether it will be worth acquiring JAC, Reuters reported. ExxonMobil has also thrown its name into the hat, according to industry observers.

ExxonMobil said in response to BT's query that it does not comment on rumors and speculation.