Korea's Hotel Lotte to revive IPO plans

seoul korea px230 city
By Jonathan Breen
25 Oct 2016

South Korea's Hotel Lotte Co is planning to return to equity capital markets in the near future with another IPO attempt, chairman Shin Dong-bin said in a press briefing on Tuesday.

Shin did not specify a time frame for reviving the listing. The company — part of Korean-Japanese conglomerate Lotte Group — shelved its first attempt at a Kospi IPO after its management was investigated by authorities for alleged embezzlement. 

Prosecutors raided the offices of its duty-free operations in June as ...

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