Lotte Shopping Announces 42.3 Billion Won Stake Sale, Stock Falls 6.92% on July 23

According to Korea Exchange, Shin Dong-bin, chairman of Lotte Group and largest shareholder of Lotte Shopping, announced plans to sell his stake worth 42.3 billion won on July 23. The stock declined 6.92% to 125,100 won by 10:09 a.m., with intraday losses exceeding 12% as investors reacted to the major shareholder's divestment plan.
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