Shin Dong-bin to Sell 42.3 Billion Won in Lotte Shopping Shares

Lotte Shopping Regulatory Filing

Finance|
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By Kim Heung-rok
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Lotte Group Chairman Shin Dong-bin (second from right) inspects Lotte Mall West Lake Hanoi in Hanoi, Vietnam, on April 23, accompanied by Shin Yu-yeol (far right), head of Lotte Holdings' future growth division. Lotte Group - Seoul Economic Daily Finance News from South Korea
Lotte Group Chairman Shin Dong-bin (second from right) inspects Lotte Mall West Lake Hanoi in Hanoi, Vietnam, on April 23, accompanied by Shin Yu-yeol (far right), head of Lotte Holdings' future growth division. Lotte Group

Lotte Shopping said on the 22nd that Lotte Group Chairman Dong-bin Shin will sell 42.26264 billion won worth of the company's shares that he holds.

Shin currently holds 2,893,049 shares of Lotte Shopping. He plans to sell 324,100 shares on the open market from the 21st of next month through September 18.

The selling price is 130,400 won per share, for a total of 42.26264 billion won. The planned selling price is 2.97% lower than Lotte Shopping's closing price of 134,400 won that day. After the sale, Shin's stake will decrease from 10.23% to 9.08%.

Lotte Shopping said the reason for the sale was to secure cash liquidity.

#LotteShopping#ShinDongbin#LotteGroup#ShareSale#KoreaStocks#Retail#Divestment

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Lotte Shopping
023530.KS · Consumer
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Original reporting by Kim Heung-rok for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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