in an apology yesterday＜ lotte group chairmanshin dongï¼bin vowed to increase transparency and restructure the group.a new report shows korea′s fifthï¼largest conglomerate will need more than two billionu.s. dollars to untangle its complicated web of crossï¼shareholding arrangements.kim minï¼ji reports. twoï¼pointï¼one billion u.s. dollars.that′s how much lotte group will need to
Lotte Department Store Main, resolve the problems stemming from its complexcrossï¼shareholding structure. the koreaï¼andï¼japan based conglomeratehas 416 crossï¼shareholding arrangementsï¼› together＜ they allow the founding familyto control the group with a relatively small amount of shares.market tracker ceo score says lotte will need
to clear the stakes held by six affiliatesin three key subsidiaries lotte shopping＜ lotte confectionery and lotte chilsung beveragein order to break up the current shareholding structure.the six affiliates hold more than 2ï¼billion dollars worth of shares in the other threecompanies. experts say＜... due to the complex structure＜...only time will tell when the process will be implemented.the report comes a day after lotte chairman shin dongï¼bin issued an apology to mitigatethe growing negative sentiment against the retail giant＜... amid a bitter successionbattle between him and his older brother. shin vowed to resolve 80 percent of the problemswith the group′s crossï¼shareholding system
and pursue a public listing for lotte hotel＜the de facto holding company of the group′s operations in korea.a separate report shows that less than 10 percent of lotte group′s arms are listed＜...further demonstrating a need for the group to become more transparent.according to industry tracker chaebulï¼dotï¼com＜... only eight units were listed among 81 lotteaffiliates. that puts lotte group at the bottom of thenation′s top 10 conglomerates＜ where the average is 16ï¼percent.if lotte hotel is listed＜ as promised＜.... it would only raise the percentage of listedgroup affiliates to 11 percent＜... still far below the average of its corporate peers.kim minï¼ji＜ arirang news.
in an apology yesterday＜ lotte group chairmanshin dongï¼bin vowed to increase transparency and restructure the group.a new report shows korea′s fifthï¼largest conglomerate will need more than two billionu.s. dollars to untangle its complicated web of crossï¼shareholding arrangements.kim minï¼ji reports. twoï¼pointï¼one billion u.s. dollars.that′s how much lotte group will need to
Lotte Department Store Main, resolve the problems stemming from its complexcrossï¼shareholding structure. the koreaï¼andï¼japan based conglomeratehas 416 crossï¼shareholding arrangementsï¼› together＜ they allow the founding familyto control the group with a relatively small amount of shares.market tracker ceo score says lotte will need
to clear the stakes held by six affiliatesin three key subsidiaries lotte shopping＜ lotte confectionery and lotte chilsung beveragein order to break up the current shareholding structure.the six affiliates hold more than 2ï¼billion dollars worth of shares in the other threecompanies. experts say＜... due to the complex structure＜...only time will tell when the process will be implemented.the report comes a day after lotte chairman shin dongï¼bin issued an apology to mitigatethe growing negative sentiment against the retail giant＜... amid a bitter successionbattle between him and his older brother. shin vowed to resolve 80 percent of the problemswith the group′s crossï¼shareholding system
and pursue a public listing for lotte hotel＜the de facto holding company of the group′s operations in korea.a separate report shows that less than 10 percent of lotte group′s arms are listed＜...further demonstrating a need for the group to become more transparent.according to industry tracker chaebulï¼dotï¼com＜... only eight units were listed among 81 lotteaffiliates. that puts lotte group at the bottom of thenation′s top 10 conglomerates＜ where the average is 16ï¼percent.if lotte hotel is listed＜ as promised＜.... it would only raise the percentage of listedgroup affiliates to 11 percent＜... still far below the average of its corporate peers.kim minï¼ji＜ arirang news.