Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Nearly 25 years of experience in analyzing hundreds of companies, especially in Asia. Deep expertise in the following sectors:
- Technology (E-commerce, SaaS, Internet)
- Consumer 
- Special Situations/Deep Value Plays
- Holdcos/Stubs
- Asian Unicorns/Private Companies

Korea/Asia, Events, IPOs

2020 High Conviction: Lotte Shopping - A Big Mgmt Shakeup & Restructuring

Lotte Shopping - Biggest Ever Restructuring Measures in Its 50 Years of History

Emart Announces Concrete Restructuring Measures to Improve Profits

Event-Driven

<p>It was announced after the market close on 22 April that <a href="https://www.yna.co.kr/view/AKR20210422140100030?input=1195m" target="_blank" rel="noopener">Lotte Property &amp; Development</a> ("Lotte P&amp;D" or "Lotte Moolsan") will acquire 25% stakes of Lotte Shopping and Hotel Lotte's stakes in Lotte World Tower and Lotte World Mall for 1.4 trillion won ($1.3 billion) (including land and buildings). After this transaction, Lotte P&amp;D will have 100% stakes in Lotte World Tower and Lotte World Mall. </p><p>Prior to this transaction, Lotte World Tower and Lotte World Mall were owned by Lotte P&amp;D (75%), Lotte Shopping (15%), and Hotel Lotte (10%), respectively. Lotte P&amp;D will pay 831.2 billion won to Lotte Shopping and 555.4 billion won to Hotel Lotte according to the share ratios. The acquisition date is set for 7 May. The transaction amount was determined by calculating the average appraisal values by three companies. </p>

It was announced after the market close on 22 April that Lotte Property &amp; Development ("Lotte P&amp;D" or "Lotte Moolsan") will acquire 25% stakes of Lotte Shopping and Hotel Lotte's stakes in Lotte World Tower and Lotte World Mall for 1.4 trillion won ($1.3 billion) (including land and buildings). After this transaction, Lotte P&amp;D will have 100% stakes in Lotte World Tower and Lotte World Mall. Prior to this transaction, Lotte World Tower and Lotte World Mall were owned by Lotte P&amp;D (75%), Lotte Shopping (15%), and Hotel Lotte (10%), respectively. Lotte P&amp;D will pay 831.2 billion won to Lotte Shopping and 555.4 billion won to Hotel Lotte according to the share ratios. The acquisition date is set for 7 May. The transaction amount was determined by calculating the average appraisal values by three companies. 

Lotte P&D to Buy 25% Stakes in Lotte World Tower & Lotte World Mall for 1.4 Trillion Won - Why?

Lotte Shopping Co

Lotte P&D to Buy 25% Stakes in Lotte World Tower & Lotte World Mall for 1.4 Trillion Won - Why?