슬롯사이트 소닉 메이저 Chemical Accelerates Business Portfolio Transition…

■ 슬롯사이트 소닉 메이저 Chemical secures approximately 97.9 billion KRW through the Share Purchase Agreement (SPA) to sell LCPL (슬롯사이트 소닉 메이저 CHEMICAL Pakistan Limited), its Pakistan subsidiary for PTA production and sales… With improvements in Pakistan's foreign exchange conditions, the Company received unpaid dividends from 2022 to 2024, totaling approximately 29.6 billion KRW, in June last year.
■ Secured a total of 127.5 billion KRW by selling non-core overseas 슬롯사이트 소닉 메이저es and collecting dividends based on 슬롯사이트 소닉 메이저 performance… Focusing on enhancing 슬롯사이트 소닉 메이저 competitiveness and improving cash flow through ‘portfolio transition’ and ‘financial soundness.’
■ 슬롯사이트 소닉 메이저 Group Chemical Division’s Chief Executive, Young-jun Lee, stated, “We will accelerate the ongoing business structure transition and maintain a cash flow-oriented management approach,” emphasizing the execution of a “practical and visible Business Transformation.”
■ Actively working toward reducing conventional petrochemical business share and strengthening the competitive position of investment businesses… Focusing on innovation across the entire 슬롯사이트 소닉 메이저 Chemical Group, including domestic and overseas subsidiaries, to improve profitability and operational efficiency.

슬롯사이트 소닉 메이저 Chemical has signed a share purchase agreement (SPA) to sell its non-core overseas business as part of its efforts to drive ‘portfolio transition’ and ‘financial soundness.’ Additionally, the Company announced that it has secured a total of 127.5 billion KRW, including the collection of unpaid dividends from 2022 to 2024.

At today’s board meeting, 슬롯사이트 소닉 메이저 Chemical approved the sale of its entire 75.01% stake in LCPL (슬롯사이트 소닉 메이저 CHEMICAL Pakistan Limited), a Pakistan-based subsidiary engaged in the production and sales of purified terephthalic acid (PTA), to AsiaPak Investments Limited, a Pakistan-based private equity firm, and Montage Oil DMCC, a UAE-based petroleum distribution company. 슬롯사이트 소닉 메이저 Chemical aims to complete the transaction within the first half of this year, securing approximately 97.9 billion KRW and mitigating risks associated with Pakistan’s financial bailout and foreign exchange volatility. Additionally, the Company successfully received approximately 29.6 billion KRW in June last year for unpaid dividends from 2022 to 2024, which had been restricted due to foreign exchange controls imposed by the local central bank. These efforts reflect the Company’s commitment to improving cash flow and strengthening financial stability.

In 2023, 슬롯사이트 소닉 메이저 Chemical initially planned to sell LCPL to a Pakistan-based chemical company, determining that the business did not align with its long-term strategy to expand high-value specialty chemicals. However, the deal was canceled due to delays in obtaining merger clearance from the local competition authority. With this new agreement, 슬롯사이트 소닉 메이저 Chemical is further focusing on asset-light strategies for non-core assets to enhance structural competitiveness and operational efficiency.

Young-jun Lee, Chief Executive of 슬롯사이트 소닉 메이저 Group’s Chemical Division, stated, “We will accelerate the ongoing business structure transition and maintain a cash flow-oriented management approach.” “We are committed to executing a practical and visible Business Transformation,” he added.

The subsidiary being sold, LCPL (슬롯사이트 소닉 메이저 CHEMICAL Pakistan Limited), was acquired by 슬롯사이트 소닉 메이저 Chemical in 2009 for approximately 14.7 billion KRW. Despite challenges such as global economic uncertainties, the Company recorded 532 billion KRW in revenue and 19.8 billion KRW in operating profit in 2024.

Meanwhile, 슬롯사이트 소닉 메이저 Chemical plans to respond more proactively to global supply chain restructuring and changes in the materials industry ecosystem. The Company is committed to reducing its reliance on conventional petrochemical businesses while strengthening the competitive position of its investment-driven operations. Additionally, 슬롯사이트 소닉 메이저 Chemical aims to enhance profitability and operational efficiency by focusing on innovation not only within the company but also across all its domestic and international subsidiaries under the 슬롯사이트 소닉 메이저 Chemical Group, ensuring long-term competitiveness.

■ Reference

A pure white powder product manufactured through oxidation and purification processes using PX (Para-Xylene), a refined crude oil derivative, as its raw material. It is characterized by high heat resistance, excellent water resistance, and superior insulation properties. PTA is widely used in polyester fibers, industrial yarns, PET bottles, and industrial films.