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Lotte signals US$4.5 billion hotel IPO will be shelved amid crisis

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A year ago, Lotte chairman Mr Shin faced a coup attempt by his older brother and their patriarch father. The plan backfired as the father got sidelined to an honorary position.

Seoul

LOTTE Group indicated it will shelve what may have been a US$4.5 billion initial public offering (IPO), the world's biggest so far this year, for its hotel unit after widening investigations pushed the South Korean conglomerate deeper into crisis.

It's going to be "physically