SEOUL May 2 Lotte Shopping Co Ltd,
South Korea's largest department store chain owner, said on
Friday it is postponing the listing of an up to $1 billion real
estate investment trust (REIT) in Singapore.
The company said in a regulatory filing it could consider
the option again if global financial market conditions improve
in the future, but is currently considering a sale & lease back
deal through a local public real estate fund as an alternative.
The marketing for the listing had been delayed as concerns
about economic growth in China and other emerging markets
triggered a sell-off in riskier assets, reducing investor
appetite for emerging markets.
(Reporting by Joyce Lee; Editing by Edwina Gibbs)