South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
Lotte Global’s Vietnam facility ceremony. Photo: Korea Ocean Business Corp
By Alison Koo
With demand for logistics services expected to grow, South Korean 3PL Lotte Global Logistics is planning a $137m IPO on the Korea Exchange, to raise funds for expansion.
Part of the Lotte Corp chaebol, the logistics firm submitted a prospectus to the Financial Services Commission on Monday, with Korea Investment & Securities and Samsung Securities acting as lead underwriters for the listing.
Lotte Global is offering 14,944,322 shares, and the desired public offering price is set between KRW11,500 ($7.85) and KRW13,500 ($9.21) ...
Comment on this article