Acquisition of 672 Billion Won in Shares of New Entity to Secure R&D Base
- Hyundai Glovis decides to acquire 672,000 shares of newly established HMGFutureComplex for 672 billion won (8.4% stake)
- Purpose: secure business and new R&D base via joint investment with Hyundai Motor Group affiliates
- Payment to be made in installments over 5 years (2026-2030)
- Post-acquisition stake 8.4%, expected to become subsidiary
- Put option contract signed, detailed terms to be disclosed later
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KOSPI Filing Information
- Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations
- Company: HYUNDAI GLOVIS (086280)
- Submission: HYUNDAI GLOVIS Co., LTD.
- Receipt: 05-20-2026
- Under KRX KOSPI Market Division