Chair Shin Dong-bin of Lotte Group additionally sold 203,150 shares of Lotte Shopping on the market.
According to the Financial Supervisory Service's electronic disclosure system on the 11th, Shin sold 203,150 common shares of Lotte Shopping on the market over three days from the 9th to the day. The total sale amount is 23.30837630 billion won.
With this sale, Shin's holdings of Lotte Shopping shares decreased from 2,774,869 shares to 2,571,719 shares. The equity ratio fell 0.72 percentage points, from 9.81% to 9.09%.
The stock sale was carried out under the transaction plan Shin disclosed in Jul. Shin said at the time that the purpose of the equity sale was "to secure liquidity."
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