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December 10, 2018

Lotte Holdings acquires W2.2tr stake in Lotte Chem

PUBLISHED : October 11, 2018 - 10:06

UPDATED : October 11, 2018 - 10:06

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[DISCLOSURE] Lotte Holdings (004990) announced on Oct. 10 that it has decided to acquire 23.24 percent stake (7,965,201 shares) of affiliate Lotte Chemical (011170) at 2.23 trillion won (US$1.95 million) “to promote management efficiency through governance restructuring.”

By Hwang You-mee (glamazon@heraldcorp.com)

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