Lotte Shopping Holdings (Hong Kong) Co., Ltd. announced that it expects to receive KRW 32.6 billion in funding from Lotte Shopping Co., Ltd.
January 22, 2017
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Lotte Shopping Holdings (Hong Kong) Co., Ltd. announced a private placement of about 8,500,000 common shares at KRW 800 per share for proceeds of about KRW 6,800,000,000, about 22,400,000 common shares at KRW 1,151.785714 per share for proceeds of about KRW 25,800,000,000, and about 7,000,000 common shares at KRW 1,157.142857 per share for proceeds of about KRW 8,100,000,000 for gross proceeds of KRW 40,700,000,000 on January 23, 2017. The transaction will include participation from returning investor Lotte Shopping Co., Ltd. (KOSE:A023530). The company expects to issue 8,500,000 common shares in March 2017 and 29,400,000 common shares in May 2017. The transaction has been approved by the board of directors of the investor.
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. 
