Hanssem becomes another headache for Lotte
The falling stock price of Hanssem is causing another financial headache for Lotte Group, which has already injected a huge amount of money into its cash-strapped construction unit, according to industry officials, Thursday. Lotte Shopping, which jointly acquired a controlling stake in Hanssem with IMM Private Equity (PE) last year, is said to have decided at Thursdays board meeting to make an additional 35.9 billion won ($27 million) investment in the furniture maker. Lotte Himart, another majo...
Source: koreatimes.co.kr