LOTTE rental co., ltd. Report on Large Shareholdings
LAI summary · Not investment advice
Hotel Lotte reported that it sold all of its 22,223,772 Lotte Rental shares (61.21%) in an off-market sale on October 30, 2026, bringing its stake to 0%.
Stake
0.00%
Key facts
- Reporting holder
- Hotel Lotte Co., Ltd.
- Previous stake
- 61.21%
- Purpose of holding
- Influence on management controlNot applicable due to disposal of all shares
- Reason for change
- Disposal of all shares upon closing of share purchase agreement; resignation of Choi Jin-hwan on Aug 31, 2026
- Method of change
- Off-market sale (closing of share purchase agreement on Oct 30, 2026); termination of special relationship
- Reporting obligation date
- Oct 30, 2026
Commentary
AI commentary · Not investment advice
What happened
Hotel Lotte Co., Ltd. disposed of all of its Lotte Rental shares, 22,223,772 shares, through an off-market sale on October 30, 2026. The sale followed the closing of a share purchase agreement. The obligation date and the filing date are both October 30, 2026. The breakdown is 13,846,833 shares from Hotel Lotte, 8,365,230 from Busan Lotte Hotel, and 11,709 from Choi Jin-hwan, whose special-relationship status ended.
In the company's terms
The reported holding ratio went from 61.21% before to 0.00% now. The stated purpose of the holding was influence over management, and the reason for the change also notes Choi Jin-hwan's resignation effective August 31, 2026. The company has had 8 filings of this type in the past year, with earlier ones dated August 18, 2026, August 11, 2026 and May 26, 2026.
Earlier Report on Large Shareholdings filings from this company
| Filed | Reporting holder | Stake | Change |
|---|---|---|---|
| 26.11.122026.11.12 | VIP Asset Management Co., Ltd. | 4.78% | −2.55%p |
| 26.11.062026.11.06 | Lexicon Korea Holdco Co., Ltd. | 61.17% | 0.00%p |
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