KRX:089860

2 stories mentioning KRX:089860Updated 23m ago

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Lotte Rental Confirms TPG Due Diligence; Shares Down 3%

Lotte Rental (KRX:089860) confirmed discussions regarding the potential sale of its shares to US private equity firm TPG, according to a Thursday Korean bourse filing.Responding to reports by Korea Economic Daily and other media outlets, the company said no specific terms have been agreed.Shares of the vehicle rental company fell nearly 3% in recent trade.

KRX:089860

Asia55d ago

Lotte Rental's Net Income Rises 5% in Q1; Shares Up 3%

Lotte Rental (KRX:089860) posted first-quarter net income attributable to shareholders of 31.1 billion won, up 4.7% from 29.7 billion won a year earlier, according to a Friday filing with the Korea Exchange.The South Korean rental firm's sales rose 6.6% year over year to 730.9 billion won from 685.6 billion won.Shares of Lotte Rental rose more than 3% in recent trade.

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