Hyundai Glovis to Invest KRW 672bn for 8.4% Stake in Joint Venture HMGFutureComplex
- Hyundai Glovis, together with Hyundai Motor, Kia, Hyundai Mobis, Hyundai Steel, and Hyundai Rotem, plans to acquire 672,000 shares (672 billion won, 6.5% of equity) in the newly established HMGFutureComplex (tentative name), resulting in an 8.4% stake
- The acquisition amount will be paid in installments over 5 years from May 2026 to December 2030, based on the final acquisition date
- If any party is excluded from the Hyundai Motor Group, the remaining parties may demand the sale of all shares held by that party; a right of first refusal is granted for any share sale
- The investment aims to secure business and new R&D facilities
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KOSPI Filing Information
- Filing: [Correction of Description] Decision on Acquisition of Stocks and Equity Securities of Other Corporations
- Company: HYUNDAI GLOVIS (086280)
- Submission: HYUNDAI GLOVIS Co., LTD.
- Receipt: 05-21-2026
- Under KRX KOSPI Market Division