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Lotte signals US$4.5 billion hotel IPO will be shelved amid crisis
Published Mon, Jun 13, 2016 · 09:50 PM
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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 difficult" for Hotel Lotte Co to meet…
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