Lotte Energy Materials Postpones Lotte EcoWal Stake Sale Closing to August 20 Pure Administrative Amendment with No Financial Change
Lotte Energy Materials has amended the expected closing date for the sale of its 90% stake in Lotte EcoWal 550,620 shares from July 7 to August 20, 2026.
This amendment is a purely administrative procedure reflecting only the change in the disposal date; the disposal amount of 170.8 billion KRW and other contract terms remain unchanged.
The transaction aims to focus on core businesses and create new business opportunities, and includes tag-along and drag-along rights under the shareholder agreement.
The sale price per share is approximately 3.1 million KRW, maintaining a 2.4x premium over book value, and this amendment has no financial impact.
[AI Summary]The disposal of Lotte EcoWal stake by Lotte Energy Materials has only delayed the closing date to August 20 with no change in price or terms. This is a purely administrative adjustment with no direct impact on shareholder value.
KOSPI Filing Information
[Correction of Description] Decision on Disposal of Stocks and Equity Securities of Other Corporations