[Korea gimeunji financial newspaper reporter] Lotte eldest son sindongju SDJ Corporation chairman 17 days has sold the shares of a subsidiary of the Lotte Group, Lotte Shopping massive core. Sindongju Chairman over the past 17 days has sold 10 000 173 shares, which is part of Lotte Shopping, which he owns 883 shares a block deal, which is 6.88% of the shares he holds. As a result of the new president of Lotte Shopping's stake was reduced from 14.83% to 7.95% (2.055 million shares).
With the sale of Shin, Dong - Bin sister Lotte Group, Lotte Shopping shares held by chairman (13.46%) than a big difference happened. 7.95% stake here is the pool that sold virtually Lotte Shopping shares as collateral amount to the quantity caught receive shares of loans in January.
In the midst of the business community? Be sindongju president of Lotte management rights dispute is a dispute continues to be relinquished management control and disposal of large quantities of the shares of Lotte Shopping is also observed wateuna me, being strongly deny this side sindongju president.
The sale of the shares sindongju president is the total sale price is 391.2 billion won to 6000 won per 22 million. Aside from the capital gains tax of 20% shares of the listed companies, major shareholders will be capable of securing a 300 billion more than money. The business community sees the potential bribe money from the sale of shares of Lotte Aluminum sindongju according to the president reigns negative fallout Do not give up big.
Lotte is a holding company and reviewing the transition Lotte Shopping and Lotte Confectionery and Lotte Chilsung, Lotte food, which is currently reviewing the split and merge, split, merge for the holding company. The four companies are the core of Lotte future governance.
Holding company gyeokin Hotel Lotte in the group is under promoted this year listed the case of Lotte Confectionery and Lotte Group cross-shareholding 54 dog hotel of the ring Lotte - Lotte Aluminum Lotte Confectionery - Lotte - Lotte Trading - South Korea Fujifilm - have led to Lotte Shopping sindongju - dongbin brother is likely to embark on competitive stake in Lotte confectionery.
Sindongju gwangyun's chairman and majority shareholder (50% plus one week) is currently the largest shareholder of the Japanese Lotte Holdings (28.1%), has a 22.8% stake in Lotte Aluminum gwangyun live. Lotte Aluminum is the largest shareholder of Lotte Confectionery.
The other Daehong Communications have also raised the stakes Lotte Confectionery Lotte Aluminum Lotte Chemical or 3.27% 13.19% held by the possibility of buying one.
In contrast, "is considering the use of proceeds from the sale provided for the purpose of gwangyun Japan's debt repayment, debt repayment for tax daenap Executive Chairman Shin Kyuk-ho's father, new business investment in South Korea," the president said side sindongju 22 days.
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