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News Release

SunAllomer’s Share Capital Stock Transfer

SunAllomer Ltd. (SunAllomer) announced that SunAllomer’s local shareholder, SDK Sunrise Investment (65% owned by Showa Denko KK and 35% by JX Nippon Oil & Energy Corporation) would acquire all shares of capital stock owned by LyondellBasell Group (LYB) on August 31st in 2016.
The business relationship SunAllomer, as the Joint Venture, developed with LYB over the years, such as global automotive business development, cooperative work in new product development, import and export businesses and improvement activities in safety and environment will remain same, and no impact on current businesses is expected. SunAllomer will work in closer cooperation with local shareholders and head for sustainable future focusing on quick response to customers’ requirement.

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