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Korea's Hotel Lotte to revive IPO plans
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 ...Already a subscriber? Login
