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Lotte World Tower (Lotte Holding) |
[Alpha Biz= Kim Jisun] Lotte Corporation announced on the 11th that it has incorporated Theragen Health, a company specializing in direct-to-consumer (DTC) genetic testing, as a subsidiary.
Theragen Health was previously owned by Lotte Healthcare. Following Lotte Corporation's decision in December last year to liquidate Lotte Healthcare, the company acquired shares in Theragen Health through the distribution of remaining assets from the liquidation.
Lotte Corporation now holds 58,778 shares in Theragen Health, representing a 51% ownership stake.
As a result, the number of Lotte Corporation's subsidiaries has increased from 19 to 20.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
