Hotel Lotte scraps IPO, stung by China's reprisal

SEOUL — Hit by China’s retaliation for the deployment of a U.S. anti-missile system in South Korea, Hotel Lotte has shelved plans for an up to $4.5 billion listing in Seoul until its duty-free business has recovered. Lotte Group President Hwang Gak-kyu …
( read original story …)

Related Post