Lotte Chemical unit signs agreements for Indonesian petrochemical facility

22/6/2022 4:32:00 PM

Lotte Chemical unit signs agreements for Indonesian petrochemical facility

Corporate News, Lotte Chemical

Lotte Chemical unit signs agreements for Indonesian petrochemical facility

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd’s unit, Pt Lotte Chemical Indonesia (LCI), has entered into related party transactions involving the company's integrated petrochemical facility in Indonesia.

The first transaction involves LDCC for offshore engineering and procurement of the automatic warehouse area for a contract price of US$33.60 million, or RM147.80 million (US$1 to RM4.40).The second transaction is with LEC for offshore engineering and procurement work for the bagging area for a contract price of US$6.2 mil, or RM27.28 million.

The third involves a construction agreement with Kine Project Jo, a joint operation between LEC and PT Jaya Teknik Konstruksi, to build the warehouse and bagging area for a contract price of Indonesian rupiah 432.1 billion, or RM128.33 million (10,000 rupiah: RM2.97).

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Known as the Lotte Chemical Indonesia New Ethylene Project, LCI has awarded contracts to Lotte Data Communication Co Ltd (LDCC), Lotte Engineering & Construction Co Ltd (LEC) and Kine Project Jo for the engineering, procurement and construction of an automatic warehouse and bagging area in the petrochemical facility, a filing with Bursa Malaysia said.Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.A KUALA LUMPUR (June 20): Titijaya Land Bhd’s indirect wholly-owned unit, Aman Duta Sdn Bhd is expected to invest about RM200 million to construct and let a logistics commercial complex on part of land measuring 26,688 square metres in Penang for DHL Properties (M) Sdn Bhd.× Copy URL The charge of cultivating 17 cannabis plants against singer Muhammad Yasin Sulaiman is maintained following chemical reports obtained by the prosecution.

The first transaction involves LDCC for offshore engineering and procurement of the automatic warehouse area for a contract price of US$33.60 million, or RM147. We also use third-party cookies that help us analyze and understand how you use this website.80 million (US$1 to RM4. Titijaya said the tenure of the agreement is 10 years, and the rent of tenure for the property and its assets are estimated at RM160 million to RM 210 million.40). You also have the option to opt-out of these cookies. The second transaction is with LEC for offshore engineering and procurement work for the bagging area for a contract price of US$6. “As such, we would like to request a new date for re-mention to enable submission of necessary documents to the defence team,” he said at case mention proceedings before Sessions Court judge Jamaludin Mat today.

2 mil, or RM27. Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. In its filing on Monday, Titijaya said CMD would retain its role as the property developer, while the build and lease exercises would be carried out by Aman Duta.28 million. The third involves a construction agreement with Kine Project Jo, a joint operation between LEC and PT Jaya Teknik Konstruksi, to build the warehouse and bagging area for a contract price of Indonesian rupiah 432. These cookies do not store any personal information.1 billion, or RM128. Subscribe to Mid-day email alert We deliver news to your inbox daily.33 million (10,000 rupiah: RM2. It is mandatory to procure user consent prior to running these cookies on your website. The charge, framed under section 6B(1)(a) of the Dangerous Drugs Act 1952, provides for life imprisonment and whipping of not less than six strokes of the rotan, upon conviction.

97). The transactions have no material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ holdings of Lotte Chemical for the financial year ending Dec 31, 2022. - Bernama Article type: free .