Lotte heir nets $342m via Lotte Shopping sell down

One of the sons of Lotte Group founder has sold a chunk of his shareholding in Lotte Shopping Co through an accelerated bookbuild, netting W391.2bn ($341.8m) in the process.

  • By Jonathan Breen
  • 17 Feb 2017

Shin Dong-Joo, the eldest son of Lotte Group founder Shin Kyuk-Ho, offered 1.73m of his shares to investors at W222,000-W232,000 each on Thursday evening local time. The range translated to a 8.7%-12.6% discount to Lotte Shopping’s close of W254,000 per share on the day. 

Sole lead Morgan Stanley ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.15
2 CITIC Securities 21.52
3 China CITIC Bank Corp 9.93
4 China Merchants Bank Co 9.38
5 Industrial and Commercial Bank of China (ICBC) 7.73

Bookrunners of Asia-Pac (ex-Japan) ECM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 CITIC Securities 13,827.70 78 5.91%
2 UBS 13,644.76 81 5.84%
3 Goldman Sachs 10,607.81 53 4.54%
4 Morgan Stanley 10,186.93 54 4.36%
5 China Securities Co Ltd 9,861.82 46 4.22%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 HSBC 31,937.38 214 8.21%
2 Citi 30,315.32 183 7.79%
3 JPMorgan 23,972.21 138 6.16%
4 Bank of America Merrill Lynch 20,455.99 106 5.26%
5 Standard Chartered Bank 16,084.80 122 4.13%

Asian polls & awards