Hyundai Motor Group Acquires 36.1% Stake in New JV for 2.89 Trillion KRW to Secure R&D and Business Hub
- Hyundai Motor Group (Hyundai Motor, Kia, Hyundai Mobis, Hyundai Glovis, Hyundai Steel, Hyundai Rotem) decides to acquire a 36.1% stake (2,888,550 shares) in newly established HMGFutureComplex (tentative) for 2.88855 trillion KRW
- Purpose is to secure new R&D and business hubs, representing 2.3% of equity
- Payment to be made in installments over 5 years from May 2026 to December 2030
- Put and call option rights granted among parties: if a party leaves the group or sells shares to a third party, others have preemptive purchase or sell rights
- Transaction is cash-based with no dilution for existing shareholders
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Stocks and Investment Securities in Other Corporations (Voluntary Disclosure)
- Company: Hyundai Motor (005380)
- Submission: Hyundai Motor Co
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division