[Alpha Biz= Reporter Kim Sangjin] Lotte Moolsan announced on the 24th that it will participate in a capital increase being conducted by its affiliate, Lotte Trust Management Real Estate Investment Company (Lotte REITs).
The number of shares to be contributed is 18.4 million, with an investment amount of 66.976 billion won. This represents about 40% of the total capital increase amount of Lotte REITs, which is 164 billion won.
The confirmed initial issue price set on the 23rd is 3,565 won per share, and after the investment, Lotte Corporation's stake in Lotte REITs will be 6.4%.
The company stated, "The investment amount may vary depending on the final issue price that will be confirmed later." Regarding the purpose of the investment, it emphasized "enhancing business-related synergies and securing investment returns."
Previously, Lotte REITs decided to carry out a shareholder allocation capital increase on the 11th to raise funds for operating expenses (2 billion won) and debt repayment (162 billion won).
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
