As well as restarting the Hotel Lotte listing, the group will list other blue-chip Lotte businesses, he said. Shin and Lotte Group have denied wrongdoing. A group spokesman said Lotte needs to discuss plans for the hotels IPO with regulators and other advisors before committing to any definite timing. The spokesman said the 40 trillion won investment plan will cover M&A that Lotte is currently pursuing, capital expenditure and research and development. At an average of 8 trillion won a year, this would be a step up for Lotte, which previously invested between 6-7 trillion won per year, he said.

Source: The Edge Markets October 25, 2016 04:07 UTC