The Business Times
SUBSCRIBERS

Lotte hotel unit's 5.7t won IPO faces fresh setback on bribery probe

Published Mon, Jun 6, 2016 · 09:50 PM

Seoul

LOTTE Group's hotel unit is facing delays with its initial public offering (IPO) after the South Korean company and a member of its founding family became embroiled in a bribery probe, people familiar with the matter said, in the latest setback for what may be the world's biggest IPO this year.

Hotel Lotte Co, which had planned to begin meetin…

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Banking & Finance

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here