May 11, 2018 / 6:17 AM / 4 months ago

Lotte shopping says sells China retail operator for $272 million

SEOUL (Reuters) - Lotte Shopping Co Ltd (023530.KS) said on Friday that its unit sold one of its retail store operators to China’s Liqun Commercial Group (601366.SS) for 291 billion won ($272.5 million).

The company said in a regulatory filing that the sale was for the efficiency of its China business.

Reporting by Ju-min Park; Editing by Stephen Coates

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