Hotel Lotte expected to withdraw IPO plan on Monday-source

June 13, 2016 4:57 AM

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SEOUL, June 13 Hotel Lotte Co Ltd is expected to withdraw its initial public offering plan on Monday, a source with direct knowledge of the matter said on Monday.

The withdrawal of the plan is expected to be made public some time after market closes at 3 p.m. local time, the source said, declining to be identified as the matter was as yet private.

Also read: Hotel-Search Firm Plans IPO of Up to $428 Million, Rename Itself Trivago

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