China Business News: South Korea's Lotte may buy 72% stake in HK retailer Times

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South Korea's Lotte may buy 72% stake in HK retailer Times

Oct. 13, 2009 (China Knowledge) - Lotte Shopping Co Ltd, South Korea's second-largest department store chain operator by market value, said yesterday that it is in talks to buy into Chinese retailer Times Ltd<1832>, aiming to strengthen its retail business in the country, Dow Jones Newswires reported, citing a source close to the deal as saying. Lotte is considering buying a 72.3% stake in

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