Corporate Updates - Bursa Malaysia
2026-02-20
Category: Corporate Updates
Frequency: Daily
Daily compilation of corporate updates and activities on Bursa Malaysia listed companies.
Explanation of the corporate events: User Manual
| Date | Company | Event Details | Sector | Event Summary |
|---|---|---|---|---|
| 15 Oct, 2025 | Lotte Chemical Titan Holding Bhd | Lotte Chemical Titan has commenced commercial operations at its US$3.95 billion Lotte Chemical Indonesia New Ethylene Project (LINE Project) in Merak, Cilegon, Banten Province. Developed through its subsidiary PT Lotte Chemical Indonesia, the integrated petrochemical facility has an annual production capacity of 1 million tonnes of ethylene and 520,000 tonnes of propylene. The project is a joint venture with Lotte Chemical Titan holding 51% equity and parent company Lotte Chemical Corporation owning 24%. | CHEMICALS | Operation Updates |
| 7 Jul, 2025 | Lotte Chemical Titan Holding Bhd | Lotte Chemical Titan Holding Bhd has entered into a 10-year related-party agreement valued at about US$2.99 billion (RM12.69 billion), under which its 92.5%-owned subsidiary PT Lotte Chemical Titan Nusantara will purchase 350,000 tonnes of ethylene annually from its 51%-owned PT Lotte Chemical Indonesia starting September 1, securing a long-term feedstock supply for polyethylene production in Indonesia and integrating its upstream and downstream operations to improve efficiency and support profitability in a currently loss-making business. | CHEMICALS | Operation Updates |
| 23 May, 2025 | Lotte Chemical Titan Holding Bhd | Signed a three-year contract to purchase up to 400 kilotonnes (KT) of naphtha annually from Aramco Trading Singapore Pte Ltd, a wholly owned subsidiary of Saudi Aramco. | CHEMICALS | Operation Updates |
| 8 May, 2025 | Lotte Chemical Titan Holding Bhd | Secured a 10-year ethylene supply contract worth over RM743.5 million from PT Asahimas Chemical. Under the agreement, its wholly owned Indonesian unit, PT Lotte Chemical Indonesia, will supply about 150,000 tonnes of ethylene annually from July 1, 2025 to June 30, 2035. | CHEMICALS | Contract Awarded |
| 6 Mar, 2025 | Lotte Chemical Titan Holding Bhd | Lotte Chemical Titan Holding Bhd announced that its parent company, Lotte Chemical Corporation (LCC), is selling a 25% stake in PT Lotte Chemical Indonesia (LCI), reducing its direct stake in the Lotte Chemical Indonesia New Ethylene Project from 49% to 24%. LC Titan, in which LCC holds a 75.86% stake, owns the remaining 51% of LCI. LCC received a US$462.7 million (RM2.05 billion) offer from a consortium consisting of one securities firm and five special purpose companies set up by other securities firms. Despite holding the right of first refusal under a 2019 shareholders agreement, LC Titan has chosen not to exercise it. | CHEMICALS | Others |
| 13 Dec, 2024 | Lotte Chemical Titan Holdings Bhd | Announced the temporary shutdown of one of its plants in the Pasir Gudang Complex in Johor, effective Dec 15, to mitigate losses stemming from a prolonged downturn in the petrochemical industry. The Naphtha Cracker Number 1 plant has a nameplate capacity of 430,000 tonnes per annum. | CHEMICALS | Downsizing |
| 24 Oct, 2024 | LOTTE Chemical Titan Holding Berhad | LOTTE Chemical Louisiana LLC, an associate company of LOTTE Chemical Titan Holding Berhad, intends to undertake a corporate restructuring involving a capital contribution in LCLA by two (2) Special Purpose Corporations ("SPCs") (managed by a securities company) via a Price Return Swap contract. | CHEMICALS | Restructuring |
| 21 Mar, 2023 | Lotte Chemical Titan Holding Bhd | Lotte Chemical Titan Holding Bhd’s (LCT) subsidiary PT LOTTE Chemical Indonesia (LCI) has entered into a 12-year loan facility of US$2.4 billion (RM10.58 billion) with the Export-Import Bank of Korea, Korea Trade Insurance Corporation and other commercial banks to fund the development works of an integrated petrochemical facility in Indonesia, known as the Lotte Indonesia New Ethylene (LINE) project. LCT holds an effective equity interest of 51% in LCI, the owner of the LINE project, while LOTTE Chemical Corp holds the remaining 49% and is also the guarantor of the loan facility. | CHEMICALS | Fund Raising |
| 14 Feb, 2022 | Lotte Chemical Titan Holding Bhd | US associate Lotte Chemical USA Corp (LC USA) has transferred an additional 3.23% of its equity interest in LACC LLC (which owns an ethane cracker plant in the southeastern US state of Louisiana) to Eagle US 2 LLC for US$89.095 million With this, Eagle US’ shareholding in LACC will rise to 50%, with LC USA holding the remaining 50% stake. LCT owns 40% of LC USA with the balance 60% by LCT’s parent, Lotte Chemical Corp. | CHEMICALS | Restructuring |
| 16 Dec, 2021 | Lotte Chemical Titan Holding Bhd | Award engineering, procurement and construction (EPC) works for the downstream plants and complex facilities of the LOTTE Chemical Indonesia New Ethylene (LINE) project to Korea-based related party LOTTE Engineering & Construction Co Ltd (LEC), estimated to cost US$1.65 billion (RM6.8 billion). | CHEMICALS | Operation Updates |