Lotte Tour to hold investor sessions for Jeju resort
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Lotte Tour Development said Thursday it will hold a series of investor relations sessions next week in a bid to attract more investment to its resort construction project in the southern island of Jeju.
Lotte officials will meet with institutional investors in Hong Kong and Singapore from Monday to Friday to explain its recent earnings results and take questions on its key businesses, according to its regulatory filing.
Last week, Lotte Tour announced its plan to raise 240 billion won ($215 million) for the construction of Jeju Dream Tower on the island.
The construction of the resort, which is being co-developed by Lotte and China’s real estate developer Greenland Group, is expected to be completed by October next year.
Questions & Answers
Q.Which entities are Lotte Tour Development meeting for these investor relations sessions?
Which entities are Lotte Tour Development meeting for these investor relations sessions?
Lotte officials will meet with institutional investors in both Hong Kong and Singapore during the upcoming sessions. These meetings are intended to attract further investment.
Q.What is the primary purpose of Lotte Tour Development's investor relations sessions next week?
What is the primary purpose of Lotte Tour Development's investor relations sessions next week?
The main purpose is to attract more investment for its resort construction project on the southern island of Jeju. Officials will explain recent earnings and take questions on key businesses.
Q.How much capital does Lotte Tour plan to raise for the Jeju Dream Tower project?
How much capital does Lotte Tour plan to raise for the Jeju Dream Tower project?
Lotte Tour announced its plan to raise 240 billion won, which is equivalent to $215 million, for the construction of the Jeju Dream Tower. This was announced last week.
Q.Which other company is co-developing the Jeju Dream Tower resort with Lotte?
Which other company is co-developing the Jeju Dream Tower resort with Lotte?
China’s real estate developer Greenland Group is co-developing the resort with Lotte. The construction of the project is expected to be finished by October next year.
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