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Lotte Corp Says To Sell Its Stake In Lotte Card To Lotte Shopping For 229 Billion Won
Lotte Corp Sells Its Stake Worth 1.4 Trln Won In Lotte Card To MBK Partners
Lotte Corp To Sell 53.5% Stake In Lotte Insurance To JKL Partners For $314 Mln
Lotte Corporation, formerly LOTTE CONFECTIONERY CO., LTD. is a Korea-based company principally engaged in the manufacturing and distribution of foods. The Company’s product includes dried confections, such as chewing gums, candies, biscuits, chocolates, pies, snacks and others; ice creams, such as bar, cone, cup, pencil ice creams; health foods and breads. The Company provides its products under the brand names of Flavono, Pepero, Cereals, Chic Choc, Mom’s Homemade Pie, Chocopie, World Cone, Mon Cher, Squid Peanuts, Cheetos, Anytime, Jellying Jellying, Garlic Soboro and others. The Company distributes its products within domestic market and to overseas markets.
Lotte World Tower
300, Olympic-ro, Songpa-gu
Dong Bin Shin
Chairman of the Board, Co-Chief Executive Officer
Gak Gyu Hwang
Co-President, Co-Chief Executive Officer, Director
Jong Min Yoon
Myeong Jae Yeo
Hang Beom Shin
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South Korea's Lotte Corp <004990.KS> said on Wednesday that it planned to take a stake in Lotte Chemical <011170.KS> for 2.2 trillion won ($1.93 billion) from two affiliates to improve its governance and efficiency.
South Korea's Lotte Shopping said on Thursday that it has agreed to sell one of its six operators of hypermarket and supermarket stores in China to Wumei Holdings for about 248.5 billion won ($230.2 million).
* S.Korea, Japan cooperation to "inevitably" weaken -Lotte Corp (Adds comment from South Korea's Lotte Corp, context on Shin's conviction, Lotte's China business)
The shock arrest of the head of South Korea's Lotte for bribery sent shares in group firms plunging on Wednesday as investors fretted about a leadership vacuum at a challenging time for the country's fifth-largest conglomerate.
Shares in Lotte Corp, the holding company of Lotte Group, declined more than 7 percent to a near eight-week low early on Wednesday, after the group's chairman was jailed for bribery.
Lotte Corp <004990.KS> said on Monday that a major property development in China had received approval from local authorities to start a second phase of construction - the latest sign that tension between Beijing and Seoul is easing.
Lotte Confectionery Co Ltd : * Says it changed company name to Lotte Conf Source text in Korean: https://goo.gl/C4vtp7 Further company coverage: (Beijing Headline News)
* Says it will divest food business into a new subsidiary named Lotte Confectionery Co.,Ltd
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.