SEOUL, March 24 (Reuters) - South Korea's Lotte Shopping Co
Ltd said on Friday it will inject $192 million into
an Hong Kong affiliate via a rights issue to infuse funds into
its China operations.
The retailer said in a regulatory filing that the injection
is to raise funds for its hypermarket and supermarket business
in China "for smooth business."
This month, Chinese authorities closed dozens of retail
stores of South Korea's Lotte Group following inspections,
ramping up pressure on the conglomerate amid a diplomatic
(Reporting by Joyce Lee; Editing by Kim Coghill)