Hyundai Construction Equipment Acquires Brazilian Subsidiary Shares for 73.8 Billion KRW
[Asia Economy Reporter Song Seung-yoon] Hyundai Construction Equipment, a KOSPI-listed company, announced on the 16th that it will acquire 922,203,786 shares of its Brazilian subsidiary for 73.8 billion KRW.
After acquiring the shares, Hyundai Construction Equipment will hold 100% ownership of the Brazilian subsidiary. The scheduled date for the share acquisition is the 31st of next month.
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A Hyundai Construction Equipment official stated that the purpose of this share acquisition is "to enhance performance through responsible management and to focus capabilities on the construction equipment business."
This content was produced with the assistance of AI translation services.
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