LOTTE Corporation (KOSE:A004990) made an offer to acquire additional 15.01% stake in Lotte Chilsung Beverage Co.,Ltd. (KOSE:A005300) from Dongbin Shin and others for approximately KRW 190 billion on April 27, 2018. LOTTE Corporation's registered common stocks will be given to the applied shareholders of Lotte Chilsung Beverage Co.,Ltd. in an investment-in-kind issuance of new stock method on June 22, 2018. Under the terms, LOTTE Corporation will acquire 0.12 million shares of Lotte Chilsung Beverage Co.,Ltd. at an equivalent price of KRW 1,619,724 per share.

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. Post-acquisition, LOTTE Corporation will increase the shareholding from 0.15 million shares (19.29%) to 0.27 million shares (34.30%) in Lotte Chilsung Beverage Co.,Ltd. The offer will start on May 31, 2018 and will close on June 20, 2018.

NH Investment & Securities Co., Ltd acted as service handling person in the transaction.