SEOUL: South Korea's Hotel Lotte Co Ltd is expected to have a market capitalisation of around 10 trillion won (US$8.5bil) when it lists, a Lotte Group spokesman said.
Lotte Group made the estimate in a document submitted to South Korean government agencies before its chairman, Shin Dong-bin, announced on Tuesday that the unit would list as quickly as possible to simplify ownership structures, the spokesman said. — Reuters
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