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Lotte Energy moves to become copper foil leader by 2028

Lotte Energy moves to become copper foil leader by 2028
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Lotte Energy Materials sets sail after Iljin takeover

Lotte Chemical said Tuesday it will operate under the new name Lotte Energy Materials, following the completion of its takeover of a major local copper foil maker as it ramps up the push for secondary battery components manufacturing. ....

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Lotte Group's credit rating hit by cash-strapped construction unit

A persistent liquidity crunch at Lotte Group s construction unit prompted Korea s fifth-largest conglomerate to pour over 1 trillion won ($750 million) into Lotte E&C over the past month, despite a worsening credit outlook for other affiliates. In addition to fundraising from the group s affiliates and loans from banks, Lotte Group Chairman Shin Dong-bin s personal assets were even used to rescue the cash-strapped builder. ....

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Lotte Group's credit rating hit by cash-strapped construction unit

A persistent liquidity crunch at Lotte Group s construction unit prompted Korea s fifth-largest conglomerate to pour over 1 trillion won ($750 million) into Lotte E&C over the past month, despite a worsening credit outlook for other affiliates. In addition to fundraising from the group s affiliates and loans from banks, Lotte Group Chairman Shin Dong-bin s personal assets were even used to rescue the cash-strapped builder. ....

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Lotte Chemical breaks promise with shareholders to help Lotte E&C

Lotte Chemical s latest decision to issue new shares worth 1.1 trillion won ($811 million) has come into question as the measure is considered contradictory to the company s promise earlier this year to increase shareholder returns, according to industry officials, Monday. The issuance of such a large amount of new shares tends to lower a company s stock price. Lotte Chemical has already frustrated its shareholders as its worsening financial standing prompted it to retract its promise in March to pay interim dividends. ....

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