[Alpha Biz=(Chicago) Reporter Paul Lee] Some representatives of Japan's Lotte Holdings affiliates have been replaced. Lotte Chairman Shin Dong-bin's stake in Kwang Yoon Sa fell slightly. Kwangyoonsa is the largest shareholder of Lotte Holdings in Japan.

Lotte Holdings announced the status of large business groups on the 30th.

Shares of the three companies, including 10.0 percent of the family owned by Kobayashi, 9.72 percent of Lotte Green Services and 14.5 percent of Midori Trading Co., were also handed over to Tamatsuka.

An official of Lotte Holdings explained, "The former CEO Kobayashi succeeded the stake he had retired last year due to his old age to his successor."

At the same time, Chairman Shin Dong-bin's stake in Gwangyoonsa decreased slightly.

Chairman Shin handed over 10 shares (0.03%) to Tamazuka and 10 shares (0.03%) to Seiichiro Akimoto, an executive of Lotte Holdings in Japan. As a result, Chairman Shin's stake in Kwangyoon Corporation fell 0.05 percentage point (p) to 38.98 percent from last year's disclosure (39.03%).

Other equity structures have not changed from last year.

The stake in Lotte Holdings in Japan is 2.69 percent for Chairman Shin, 3.15 percent for his relative Shin Young-ja, former chairman of the Lotte Scholarship Foundation, 1.77 percent for Shin Dong-joo, a former vice chairman of Lotte Holdings, and 1.46 percent for Shin Yu-mi, a former Lotte Hotel advisor.

In Kwang Yoon Sa, former Vice Chairman Shin Dong-joo holds 50.28%, Chairman Shin holds 38.98%, and Honorary Chairman Shin Kyuk-ho's spouse, Shigemitsu Hatsuko, holds a 10.00% stake.

Among Kwang Yoon Sa shares, the total family share was 99.53%, a slight decrease from last year (99.58%).

Nineteen Japanese Lotte companies are investing in 13 Korean Lotte companies, while 14 out of 19 Japanese companies are headed by Chairman Shin.

 

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