(Photo = Lotte Holdings)

 

[Alpha Biz= Reporter Kim Sangjin] Lotte Holdings announced on the 24th that it will invest 120 billion won to build its subsidiary Lotte BioLogics' Songdo plant.

Lotte Holdings will secure 1,846,800 common shares worth 120 billion won by participating in a paid-in capital increase to finance the construction of Lotte BioLogics' Songdo Bio Campus 1 plant.

The investment will be divided into the first round on July 9 and the second round on August 20.

In a related development, Lotte Holdings explained, "Lotte BioLogics will participate in the KRW 150 billion paid-in capital increase announced on the 4th by 80%."

Lotte BioLogics owns 80% of the shares and Japan's Lotte Holdings owns 20%, respectively.

 

 

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