HDC iControls Sells All Shares of Hyundai Development Company to HDC
[Asia Economy Reporter Geum Bo-ryeong] HDC I Controls announced on the 7th that it has sold all 1,486,868 shares of HDC Hyundai Development Company to HDC. This was to resolve legal restriction requirements under Article 8-2 (Restrictions on Actions by Holding Companies, etc.) of the Monopoly Regulation and Fair Trade Act.
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The disposal price was 21,400 KRW per share, totaling 31,819 million KRW.
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