# Lotte Chemical passes preliminary bid for Singapore JAC

Lotte Chemical has submitted a letter of intent and passed a non-binding preliminary bid to acquire Singapore-based JAC, but no final decision has been made on participating in the main bid.

- Type: Acquisition
- Announced: 2017-02-17
- Where: Singapore, Singapore
- Status: rumored
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Lotte Chemical](https://endata.com/companies/2025.md) (acquirer)
- [JAC](https://endata.com/companies/22281.md) (target)

## Sources

- [ir.newspim.com](https://ir.newspim.com/news/view/20170217000265), 2017-02-17: "인수의향서를 제출하고, 구속력이 없는(non-binding) 예비입찰을 통과해 이를 검토 중에 있다"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.