Lotte chairman says 2016 possible for hotel unit IPO

korea palace gate px230
By Jonathan Breen
16 Jun 2016

Hotel Lotte’s IPO could yet go live by the end of 2016 despite being postponed on Monday after prosecutors raided the offices of Lotte Group, according to a statement from the parent.

"The Hotel Lotte IPO delay is not indefinite. We will try to get it done by the end of this year,” Lotte Group chairman Shin Dong-bin said in a statement on Wednesday. “The IPO is what we promised to Korean people at the National Assembly so we will ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial