National Pension Service Reduces Stake in Hyundai Engineering & Construction from 11.22% to 10.22% via Open Market Sales

National Pension Service NPS reported a 1.00 percentage point decrease in its stake in Hyundai Engineering & Construction to 10.22% as of April 2, 2026. The change resulted from open market sales for simple investment purposes and does not affect the company's management control.
According to the filing, NPS and its specially related parties hold 11,375,422 voting shares and confirmed they will only exercise rights guaranteed by law.
This stake reduction reflects NPS portfolio rebalancing without any change in the company's total outstanding shares, thus having no impact on the company's financial structure or capital plans.
NPS is a highly credible institutional investor, the largest pension fund in South Korea. This sale is interpreted as routine asset allocation and poses no additional regulatory risk.
[AI Summary]NPS reduced its stake in Hyundai Engineering & Construction by 1 percentage point through open market sales for simple investment purposes. The move does not affect the company's capital structure or corporate governance, limiting direct impact on shareholder value.