LOTTE Corporation completed the acquisition of an additional 9.87% stake in Lotte Confectionery from Dongbin Shin and others for KRW 76.9 billion.
LOTTE Corporation (KOSE:A004990) completed the acquisition of an additional 9.87% stake in Lotte Confectionery (New) (KOSE:A280360) from Dongbin Shin and others for KRW 76.9 billion on June 20, 2018. A total 0.42 million shares were tendered out of which Dongbin Shin tendered 0.38 million shares. LOTTE Corporation's stake in Lotte Confectionery (New) increased to 21.37% from 11.5%.