Lotte Tour Development Chairman Kim Ki-byung’s Favor for Second Son—Will Kim Han-jun Cement His Leadership?
Lotte Tour Development Chairman Kim Ki-byung transfers a major stake to his second son, CEO Kim Han-jun, shifting control and fueling succession speculation.
Lotte Tour Development Chairman Kim Ki-byung will transfer 6.1 million shares, worth about $97 million, to his second son Kim Han-jun, making him the company’s second-largest shareholder ahead of his elder brother.
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Lotte Tour Development Chairman Kim Ki-byung Gifts 6.1 Million Shares to Second Son Kim Han-jun
Lotte Tour Development Chairman Kim Ki-byung will transfer 6.1 million shares, worth about $97 million, to his second son Kim Han-jun, making him the company’s second-largest shareholder ahead of his elder brother.
Lotte Tour Development and other casino stocks plunged after President Lee Jae-myung questioned the fairness of granting private licenses for foreigner-only casinos, triggering heavy sell-offs in the sector.
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Lee Questions 'Why Grant Licenses to Specific Companies'—Lotte Tour Development and Casino Stocks Plunge
Lotte Tour Development and other casino stocks plunged after President Lee Jae-myung questioned the fairness of granting private licenses for foreigner-only casinos, triggering heavy sell-offs in the sector.
Lotte Tour Development overtakes Paradise in operating profit and market cap as aggressive 'comp' strategies drive share price divergence; both casino giants eye further growth amid tourism recovery.
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'Comp' Benefits Drive Divergence Between Casino Giants—Lotte Tour Development Takes the Lead in Share Price Direction
Lotte Tour Development overtakes Paradise in operating profit and market cap as aggressive 'comp' strategies drive share price divergence; both casino giants eye further growth amid tourism recovery.
Lotte Tour Development Posts Record Quarterly Operating Profit in Q3—'Casino Segment Drives Growth'
Lotte Tour Development Co. achieved record Q3 operating profit, with revenue up 34.2% year-on-year, as its casino segment drove strong growth and operating leverage.
Lotte Tour Development Co. is poised to return to net profit after eight years, driven by record casino revenues and the repayment of overseas convertible bonds, with analysts forecasting continued strong performance and improved cash flow into next year.
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Lotte Tour Development Edges Closer to Profitability After Eight Years
Lotte Tour Development Co. is poised to return to net profit after eight years, driven by record casino revenues and the repayment of overseas convertible bonds, with analysts forecasting continued strong performance and improved cash flow into next year.
Jeju Dream Tower Surpasses 60 Billion Won in Monthly Sales for the First Time—Third Quarter Delivers Record Results
Jeju Dream Tower Integrated Resort achieved record monthly and quarterly sales, driven by surging casino revenue and strong hotel occupancy, signaling robust growth momentum.
Lotte Tour Development Co. has fully repaid KRW 120 billion ($88 million) in overseas convertible bonds, eliminating overhang risk and reducing annual interest costs, as part of its ongoing financial restructuring following the Jeju Dream Tower project.
#YonhapInfomax #LotteTourDevelopment #ConvertibleBonds #JejuDreamTower #OverhangRisk #InterestExpenses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=82655Lotte Tour Development Fully Repays KRW 120 Billion Overseas Convertible Bonds
Lotte Tour Development Co. has fully repaid KRW 120 billion ($88 million) in overseas convertible bonds, eliminating overhang risk and reducing annual interest costs, as part of its ongoing financial restructuring following the Jeju Dream Tower project.
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