[Hot Stock] Lotte Rental Surges Amid Rapid Sale Progress... New High

Lotte Rental is showing a strong gain of over 5% as the possibility of a sale increases. It recorded a 52-week high during the session.

As of 9:45 a.m. on the 6th, Lotte Rental is trading at 34,900 KRW, up 1,700 KRW (5.12%) from the previous day. During the session, it rose to 35,800 KRW, setting a new 52-week high.

According to related industry sources, the largest shareholder of Lotte Rental, Hotel Lotte, is scheduled to hold a board meeting today to select the Hong Kong-based private equity fund Affinity as the preferred bidder for the acquisition of Lotte Rental. The sale target is approximately 60.67% of the management control shares of Lotte Rental.