Hyundai Heavy Industries Holdings Establishes New Corporation Hyundai Genuine
[Asia Economy Reporter Minji Lee] Hyundai Heavy Industries Holdings, the holding company of Hyundai Heavy Industries Group, announced on the 19th that it will establish a new company, Hyundai Genuine Co., Ltd., which will primarily engage in civil engineering works and the manufacturing of similar machinery and equipment.
Hyundai Heavy Industries Holdings will hold 100% of the shares of Hyundai Genuine.
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This new corporation is reportedly established for the acquisition of Doosan Infracore. Previously, Hyundai Heavy Industries Holdings signed a main contract to acquire a 34.97% stake in Doosan Infracore held by Doosan Heavy Industries for approximately 850 billion KRW.
This content was produced with the assistance of AI translation services.
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