Hyundai Electric Acquires 1.7 Million Shares of Plaspo Sujik, Securing 62% Stake
[Asia Economy Reporter Lee Jung-yoon] Hyundai Electric announced on the 4th that it will acquire 1,697,439 shares of Plaspo Co., a supplier of power conversion devices for renewable energy equipment, for 22,865,023,000 KRW.
After the acquisition, the number of shares owned and the equity ratio will be 1,697,439 shares and 61.84%, respectively. The scheduled date of stock acquisition is April 12.
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Regarding the purpose of the acquisition, Hyundai Electric stated, "To expand business opportunities in renewable energy by adding product lineups such as power conversion devices."
This content was produced with the assistance of AI translation services.
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