KUALA LUMPUR: A fire broke out at one of Lotte Chemical Titan Holding's plants in Johor, a senior company executive and the local fire department told Nikkei Markets today. At the close of Bursa Malaysia today, Lotte Chemical Titan lost 20 sen to RM5.29. Lotte Chemical Titan said profits fell after it was forced to shut down for several days in April, due to a water disruption. Two months ago, Lotte Chemical Titan raised about RM4 billion from its initial public offering, debuting at RM6.50 a share. Lotte Chemical Titan, the Malaysian unit of petrochemical giant Lotte Chemical Corp, counts Permodalan Nasional Bhd as one of its major shareholders.

Source: New Strait Times September 20, 2017 12:11 UTC