November 12, 2025 (MLN): PTA Global Holding Limited has acquired a 78.74% shareholding in Lotte Chemical Pakistan Limited (PSX: LOTTE) following the completion of a major transaction involving the purchase of shares from Lotte Chemical Corporation, South Korea, and through a Mandatory Public Offer to minority shareholders.

The acquisition includes 1,135,860,105 shares (75.01%) purchased from Lotte Chemical Corporation and an additional 56,432,224 shares (3.73%) acquired from the public, resulting in Lotte Chemical Corporation’s complete divestment from the company.

Consequent to the change in ownership, Lotte Chemical’s Board of Directors has been reconstituted.

Seven directors, including Chairman Mr. Jo Hyun Kwoun and Chief Executive Mr. Young Dae Kim, have resigned, while Mr. Imtiaz Ahmed has been appointed as Chairman and Mr. Adnan Afridi as Chief Executive, effective November 12, 2025.

In line with the board changes, the company’s Audit Committee, HR & Remuneration Committee, and Share Subscription Committee have also been reconstituted.