Hyundai Elevator Invests 30.1 Billion KRW in Hyundai Asan
Hyundai Elevator announced on the 24th that it will invest approximately 30.1 billion KRW in Hyundai Asan, a tourism and construction business affiliate.
The scheduled investment date is the 9th of next month, and the shareholding ratio after the investment will be 74.5%.
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Hyundai Elevator explained that this is to prevent dilution of its shareholding ratio through participation in a rights offering and to enhance Hyundai Elevator's corporate value by fostering the core business of its subsidiary, Hyundai Asan.
This content was produced with the assistance of AI translation services.
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