Lotte Chemical : Decision on Acquisition of Shares or Investment Certificates of Other Corporation (Voluntary Disclosure)
June 28, 2022 at 11:07 pm EDT
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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)
1,283,000,000
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)
1,283,000,000
Equity Capital (KRW)
15,451,196,495,425
Ratio to Equity Capital(%)
0.01
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
Establishment of a new corporation for the drving and management of the battery materials business in the United States.
6. Scheduled Acquisition Date
-
7. Date of Board Resolution (Decision Date)
2022-06-28
- 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 invest in LOTTE Battery Materials USA Corporation, a new corporation for the driving and management of the battery materials business in the United States.
2. 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 shares more at this time.
3. Above figure 2. Details of Acquisition is $1,000,000 USD, applied trading standard ($1 = 1,283) on 27th june, 2022
4. Below [Condensed Financial Statement of Issuing Company] is omitted because it's newly corporation.
5. Above Representative, Scheduled Acquisition Date will be re-announced when the specific information is generated.
6. 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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Original Document
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Disclaimer
Lotte Chemical Corporation published this content on 29 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2022 03:06:05 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.