January 19, 2017 / 3:46 AM / 3 years ago

Lotte Chem says submitted letter of intent to acquire Singapore's Jurong Aromatics

SEOUL, Jan 19 (Reuters) - South Korea’s Lotte Chemical Corp said on Thursday it had submitted a letter of intent earlier this month to acquire Singapore petrochemical company Jurong Aromatics Corp (JAC).

Lotte Chemical said in a filing to the stock exchange in South Korea that it had been short-listed on Jan. 10 to acquire the Singapore firm, adding that details had not been decided.

Reporting by Jane Chung; Editing by Joseph Radford

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