이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Following the announcement, its stock trading was suspended for 30 minutes between 10:25 a.m. and 10:55 a.m. on Monday. Investors cheered by the news flocked to pick up the company’s stocks, leading the stock to shoot by a daily limit of 30 percent to close at 16,400 won on the same day.
According to the filing, 15,131,674 new stocks priced at 500 won apiece will be issued in the ratio of 1:0.5 on August 23 and listed on September 8. The number of exiting stocks is 30,263,349.
Founded in 1971, Lotte Tour Development has engaged in operating travel agencies, providing domestic, overseas and inbound travel businesses. It also engages in property development and building management. Dream Tower, a resort complex being built in the center of the country’s most famous resort island Jeju, is its latest ongoing joint project with Chinese developer Greenland Group.
The Dream Tower will house a hotel with 776 rooms and a hotel residency with 850 rooms, a foreigner-only casino and shopping malls. Construction started this May with an aim of opening in July 2019.
Lotte Tour will own and operate the 38-story resort complex and Greenland Group will parcel out 850 rooms at the hotel residency.
On Tuesday, the company’s stocks ended down 2.1 percent, or 350 won, at 16,050 won.
By Lee Yong-gun
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