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JONBUR Research · Update note

You're reading an earlier report from Oct 30, 2026. See the latest report

Lotte rental · 089860 · Other

Lotte Rental: Filing Confirms Change of Largest Shareholder

Why this report

Written after:

A filing dated 2026-10-30 reports a change of largest shareholder at Lotte Rental, which fits the TPG acquisition reports covered in our previous note. The filing excerpt is not available, so the new holder and terms cannot be confirmed from our data, and the financial picture is unchanged.

Written Oct 30, 2026 · Data as of Oct 29, 2026 · 0 views

This is not financial advice. The report does not recommend buying or selling anything.

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What happened

On 2026-10-30 the company filed a change of largest shareholder. The data flags it as a new controlling shareholder, which is why it is rated highly material (90 out of 100). No excerpt of the filing is available, so we cannot state who the new holder is, the stake size, the price paid or the closing terms.

News reports on 2026-10-20 to 2026-10-26 named TPG as acquirer, and the previous note covered them. Same-day filings include an extraordinary shareholders' meeting result. Filings on 2026-10-29 cover a securities registration statement, a prospectus and an issuance results report. A related-party transaction amendment (2026-10-27) and a debt guarantee decision (2026-10-22) are also listed. We cannot say from our data whether these are connected to the ownership change.

The share price closed at ₩51,200 on 2026-10-29, up 2.9% over one month and 36.4% over three months.

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Model estimate of fair value

Bear
₩299,298
+485%
Base
₩563,479
+1001%
Bull
₩1,127,181
+2102%

Model estimate based on the assumptions shown. Not a price target and not a buy or sell signal.

Base case of the 5-year discounted cash flow model on the stock's Valuation tab (statements TTM to H1 2026; discount rate 5%). Bear and Bull move the main assumptions by fixed steps. See and change the assumptions

Filings and data used

Report history

  1. Oct 30, 2026Update noteCEO / control changeLotte Rental: Largest Shareholder Holdings Change Filed After Control Change
  2. Oct 30, 2026Update noteCEO / control changeLotte Rental: Filing Confirms Change of Largest Shareholder
  3. Oct 22, 2026Update noteNewsLotte Rental: News Reports Point to TPG as New Controlling Shareholder
  4. Oct 13, 2026InitiationStart of coverage (300 largest)Lotte Rental: Sharp Share Price Rise Meets Thin Margins, High Leverage and a Wide Model Range

Built only from jonbur's own data: prices and investor flows, filed financial statements and filings, and news headlines. Disclosed (filed) data is labelled as such. Written by AI and may contain mistakes.

This is not financial advice. The report does not recommend buying or selling anything.

Source: KRX statistical information