[Asia Economy Reporter Suyeon Woo] HDC announced on the 6th that it has decided to acquire 1,486,868 shares of HDC Hyundai Development Company.


The acquisition amount is approximately 31.81897 billion KRW, and the acquisition method will be through off-hours trading. After the acquisition, the shareholding ratio will be 36.4%.



The company explained, "The share acquisition is to resolve the subsidiary activity restriction requirements of the holding company."


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