IL Mobility Decides to Acquire Additional Shares in Subsidiary IL for 10 Billion KRW to Strengthen Humanoid and AI Competitiveness
IL Mobility decided on July 2, 2026 through a board resolution to acquire 610,000 shares of its subsidiary IL for approximately 10 billion KRW.
The acquisition amount represents 21.98% of its equity capital of 45.5 billion KRW, and the payment will be made in cash on September 30, 2026.
After completion, IL Mobility will hold a 100% stake in IL, making it a wholly owned subsidiary.
The purpose is to strengthen the humanoid industry verification base and enhance Physical AI operational data competitiveness as part of a long-term growth strategy.
IL's latest fiscal year shows total assets of 70.7 billion KRW, liabilities of 55.4 billion KRW, equity of 15.3 billion KRW, and net profit of 1.2 billion KRW.
Since this acquisition uses cash without issuing new shares, there is no dilution for existing shareholders.
[AI Summary]IL Mobility's decision to invest approximately 10 billion KRW to fully own subsidiary IL is a strategic move to bolster competitiveness in humanoid and AI fields. While there is no share dilution due to cash acquisition, the large cash outflow may pose a short-term financial burden. The impact on existing shareholder value is expected to be neutral.
KOSDAQ Filing Information
Decision on Acquisition of Stocks and Investment Securities of Other Corporations