Hyundai Genuine Acquires Doosan Infracore Shares for 850 Billion KRW
[Asia Economy Reporter Hwang Yoon-joo] Hyundai Heavy Industries Holdings announced on the 9th that its subsidiary Hyundai Genuine will acquire 75,509,366 shares of Doosan Infracore, a manufacturer of construction and mining machinery equipment, for 850 billion KRW.
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After the stock acquisition, Hyundai Genuine's stake in Doosan Infracore will be 35%. Hyundai Heavy Industries Holdings stated that the purpose of this stock acquisition is "to secure management rights of Doosan Infracore."
This content was produced with the assistance of AI translation services.
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