28 May 2008 – Sources report that Lotte Confectionery Co, South Korea's top sweetmaker, increased its share in Bien Hoa Confectionary from 30 to 35.6% for an undisclosed amount.
Lotte is now the biggest foreign shareholder in the Vietnamese confectionery and bakery company, also known as Bibica.
Dong Nai-based Bibica’s net profit fell 32% in the first quarter of 2008 compared to the same period a year earlier.
Shares in the Ho Chi Minh-listed company traded at their lowest in over a year following the news of Lotte's increased involvement in Bibica.