[Featured Stock] Lotte Holdings Surges Amid 'Brotherly Feud' Reignition
[Asia Economy Reporter Kum Boryeong] As news spreads that a 'brotherly conflict' could arise again over the succession structure of Lotte Group, Lotte Holdings' stock price has surged for two consecutive days.
As of 10:21 AM on the 29th, Lotte Holdings' stock price recorded 45,950 KRW, up 23.19% (8,650 KRW) compared to the previous close. The day before, Lotte Holdings also rose 29.97% (8,600 KRW) from the previous close.
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On the previous day, SDJ Corporation announced that Shin Dong-ju submitted a shareholder proposal including the dismissal of Shin Dong-bin, Chairman of Lotte Holdings, from the board and amendments to the articles of incorporation. The Japan Lotte Holdings extraordinary general meeting of shareholders is scheduled to be held in June.
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