Even in the "Fundamental to Liquidity Crisis" disclosure...Lotte Group shares plunge

2024.11.18 PM 05:19
Shares of affiliates, including Lotte Holdings, plunged due to rumors that Lotte Group was in a liquidity crisis.

In the securities market, Lotte Holdings closed at 20,550 won, down nearly 7% from the previous trading day.

During the day, it fell more than 8% and hit a new 52-week low.

In addition, Lotte Chemical and Lotte Shopping, which recorded new low prices for 52 weeks during the day, also closed trading with a drop of more than 10% and 6%, respectively.

As the stock price plunged earlier, Lotte Holdings, Lotte Chemical, and Lotte Shopping announced that rumors about the liquidity crisis were groundless.

However, despite the official denial, investors are believed to have reacted to the worst situation as liquidity crisis rumors have been raised several times.




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