Hotel Lotte shares estimated at 100,000 won
Feb 17, 2016
Hotel Lotte is expected to cut its estimated market value and initial public offering price due to a bearish stock market and uncertainties in the duty-free business, sources familiar with the matter said on Wednesday. “The offer price is being considered at around 100,000 won ($82.30) to allow more retail investors to participate in the IPO,” the source said on condition of anonymity, Lotte Hotel in downtown Seoul. (Yonhap)The hotel unit of South Korean retail giant Lotte Group has been prepari