Withdrawal of Rights Offering Due to KFTC's Disapproval of Business Combination
- LOTTE rental announced the withdrawal of its previously decided third-party allotment rights offering
- The cancellation is due to the termination of the stock purchase agreement between the largest shareholders (Hotel Lotte, Busan Lotte Hotel) and Careena Transportation Group Limited on May 18, 2026, following the KFTC's disapproval of the business combination
- The rights offering was conditional on the closing of the share purchase agreement, and the need for capital raising has also ceased with the termination
- As a result, no new shares will be issued, preventing dilution for existing shareholders
- The company's capital structure and shareholder value remain unchanged
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KOSPI Filing Information
- Filing: [Correction of Description] Report on Major Events (Decision on Paid-in Capital Increase)
- Company: LOTTE rental (089860)
- Submission: LOTTE rental co., ltd.
- Receipt: 05-21-2026