Lotte Holdings will carry out a paid-in capital increase of around 100 billion won to liquidate a corporation related to China's "Shenyang Lotte Town Project."

Kim Jisun

stockmk2020@alphabiz.co.kr | 2024-05-08 02:01:08

Lotte World Tower (Photo: Lotte Group)

[Alpha Biz= Reporter Kim Jisun] Lotte Holdings will initiate a paid-in capital increase of approximately 100 billion won to dissolve a corporation associated with the "Shenyang Lotte Town Project" in China.

On the 7th, Lotte Holdings announced its participation in the capital increase to enhance the financial structure of Lotte Asset Development.

The investment date is set for the 10th, involving 1,139,545,246 shares of ordinary shares and an investment of 113,955,000,000 won.

Lotte Holdings has previously invested 323.032 billion won in Lotte Asset Development.

Lotte Holdings will carry out a paid-in capital increase of around 100 billion won to liquidate a corporation related to China's "Shenyang Lotte Town Project."

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