Hyundai Rotem to Acquire 5.8% Stake in Joint Venture for 460.8 Billion Won
- Investment of 460.8 billion won in the establishment of a joint venture (HMG Future Complex) for a 5.8% stake (15.2% of equity capital)
- Purpose: Secure a complex research and business hub to lead future businesses
- Payment to be made in installments over 5 years from May 2026 to December 2030
- Put option and first refusal rights among parties (Hyundai Rotem, Hyundai Motor, Kia, Hyundai Mobis, Hyundai Glovis, Hyundai Steel): right to demand sale if a party leaves the group, right of first refusal on third-party sales
- Board resolution date: 2026-04-24, all 4 outside directors attended
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations
- Company: Hyundai-Rotem (064350)
- Submission: Hyundai-Rotem Co.
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division