LOTTE Corporation (KOSE:A004990) made an offer to acquire an additional 14.97% stake in Lotte Confectionery (New) (KOSE:A280360) from Dongbin Shin and others for approximately KRW 120 billion on May 29, 2018. Under the terms, offer is made to acquire 0.63 million shares at an equivalent price of KRW 185,126 per share. LOTTE Corporation's registered common stocks will be given to the applied shareholders of Lotte Confectionery (New) in an investment-in-kind issuance of new stock method. If the total number of application shares is less than the number of shares to be acquired, all the shares will be purchased. Fractional stocks will be paid in cash. After completion of the transaction, LOTTE Corporation expects to hold 1.11 million shares, representing 26.47% stake in Lotte Confectionery (New). As of now LOTTE Corporation holds 11.5% stake in Lotte Confectionery. The tender offer period is from May 31, 2018 to June 20, 2018. NH Investment & Securities Co., Ltd. (KOSE:A005940) acted as a service handling entity in the transaction.

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%.