HDC Participates in Affiliate Rights Offering... Acquires 10 Million New Shares

[Asia Economy Reporter Yoo Hyun-seok] HDC announced on the 5th that it will acquire 10,071,300 new shares issued through a paid-in capital increase by its affiliate HDC Hyundai Development Company on March 26. The purpose of the acquisition is to establish a holding company system and strengthen the competitiveness of subsidiaries. The acquisition amount is approximately 182.8 billion won.

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