Gulf Farabi Petrochemicals Co. Ltd. completed the acquisition of 50% stake in Great Orient Chemical Pte. Ltd. from ISU Chemical Co., Ltd.
June 22, 2023
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Gulf Farabi Petrochemicals Co. Ltd. agreed to acquire a 50% stake in Great Orient Chemical Pte. Ltd. from ISU Chemical Co., Ltd (KOSE:A005950) for KRW 67.1 billion on June 16, 2023. The transaction is expected to close on July 31, 2023. Guy Danalis, Edward Rose, Evelyn Ang, Mohamad Rizuan Bin Pathie, Nancy Sun of Dentons acted as legal advisor to Farabi Petrochemicals.
Gulf Farabi Petrochemicals Co. Ltd. completed the acquisition of 50% stake in Great Orient Chemical Pte. Ltd. from ISU Chemical Co., Ltd (KOSE:A005950) on June 23, 2023.
ISU Chemical Co., Ltd is a Korea-based company engaged in the manufacture of petrochemicals. The Company and its subsidiaries operate its businesses through petrochemical division, which produces petrochemicals and specialized chemicals, including linear alkyl benzene (LAB), branched alkyl benzene (BAB), normal paraffin (NP), kerosene, parasol, heavy LAB, heavy BAB, tertiary alkyl benzene (TAB), linear alkylbenzene sulfonate (LAS), de-aromatized solvents, tertiary dodecyl mercaptan (TDM) and others; construction division, which constructs apartment buildings, public buildings, office buildings, roads, bridges, railways, plants and others, and fiber division, which produces knit fabrics and exports yarns. On November 1, 2013, the Company merged with its wholly owned subsidiary, ISU OIL & CHEMICAL CO, LTD.
ISU CHEMICAL CO., LTD 
