Lotte Shopping Holdings (Hong Kong) Co., Ltd. announced that it expects to receive KRW 681.89999995 billion in funding from Lotte Shopping Co., Ltd.
April 25, 2018
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Lotte Shopping Holdings (Hong Kong) Co., Ltd. announced a private placement of 650,000,000 common shares at KRW 1,049.076923 per share for proceeds of about KRW 681,900,000,000 on April 26, 2018. The transaction will include participation from returning investor Lotte Shopping Co., Ltd. (KOSE:A023530). On closing, the investor will retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor. The company reported total assets of KRW 587,485,106,688, total liabilities of KRW 1,062,876,753,485, and net loss of KRW 1,136,024,639,497 for the year ended 2017.
Lotte Shopping Co Ltd is a Korea-based company mainly engaged in the operation of department stores. The Company operates its business through six segments. The Department Store segment is involved of the installation and operation of department stores such as Lotte Depart Store. The Company operates its department stores within the domestic market and to overseas markets, including Vietnam, Russia, Indonesia and China. The Discount Store segment is involved of the installation and operation of discount stores. The Electronics Store segment is engaged in the sale of home appliances and computers and communication devices. The Super segment is engaged in the operation of supermarkets and the rental of real estate. The Home Shopping segment mainly engages in home shopping and e-commerce business through Internet shopping mall and mobile. The Other segment engages in the businesses including the sale of cosmetics, food and other consumer goods, the operation of movie theaters and others.
LOTTE SHOPPING CO., LTD. 
