Panoramic View of Lotte World Tower (Photo = Lotte Holdings)

 

 

[Alpha Biz= Reporter Kim Jisun] Lotte Holdings has announced on the 19th that the reports regarding Lotte Healthcare's sale of its 25 billion KRW investment in Teragen Health are "not confirmed."

According to a media report, Lotte Healthcare is planning to hold an extraordinary general meeting on the 24th to resolve the liquidation of the company. The liquidation is expected to be completed by March next year, and it is known that Lotte has transferred Lotte Healthcare employees in two phases, in September and December, at the group level. The sale of Teragen Health is reportedly a subsequent action following the liquidation of Lotte Healthcare.

Lotte Holdings stated, "Lotte Healthcare, a 100% subsidiary, is planning to hold a shareholder meeting on the 24th regarding the liquidation process. We will re-disclose specific details either when the decision is made or within one month."

 

 

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