Acquisition of 672 Billion Won in Shares of New Entity to Secure R&D Base
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Hyundai Glovis decides to acquire 672,000 shares of newly established HMGFutureComplex for 672 billion won (8.4% stake)
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Purpose: secure business and new R&D base via joint investment with Hyundai Motor Group affiliates
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Payment to be made in installments over 5 years (2026-2030)
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Post-acquisition stake 8.4%, expected to become subsidiary
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Put option contract signed, detailed terms to be disclosed later
KOSPI Filing Information
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Filing: Decision on Acquisition of Stocks and Investment Securities of Other Corporations
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Company: HYUNDAI GLOVIS (086280)
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Submission: HYUNDAI GLOVIS Co., LTD.
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Receipt: 05-20-2026
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Under KRX KOSPI Market Division