Hyundai Development Co. - Engineering & Construction agreed to acquire 71.9% stake in Real Estate 114 Inc. from Mirae Asset Capital Co,Ltd. for KRW 45.8 billion.
January 04, 2018
Share
Hyundai Development Co. - Engineering & Construction (KOSE:A012630) agreed to acquire 71.9% stake in Real Estate 114 Inc. from Mirae Asset Capital Co,Ltd. for KRW 45.8 billion on January 4, 2018. Hyundai Development Co. - Engineering & Construction will acquire 2.05 million shares at KRW 22,324 per share. The settlement of the transaction amount will be done on February 27, 2018. The Board of Directors of Hyundai Development Co. - Engineering & Construction passed a resolution for the deal on January 4, 2018. The Board of Directors of Mirae Asset Capital passed a resolution on January 4, 2018. The actual sales date is expected to be February 27, 2018. Mirae Asset Daewoo Co., Ltd. acted as broker on the deal.
HDC Holdings Co Ltd is a Korea-based company mainly engaged in the manufacture and sale of chemical products. The Company operates its business through six segments. The Construction segment is involved in the construction of residential buildings, public institutions and private companies, social infrastructures such as roads, harbors and railroads. The Petrochemical segment is involved in the production and sale of chemical products such as industrial pipes, packaging materials for food and life, as well as construction materials. The Musical Instrument segment produces and sells musical instruments such as pianos. The Distribution segment is involved in the operation of department stores and complex shopping malls, as well as real estate leasing. The Holding segment is engaged in the businesses of management consulting and building rental. The Other segment is engaged in building management, the operation of hotels and professional soccer show business.
Hyundai Development Co. - Engineering & Construction agreed to acquire 71.9% stake in Real Estate 114 Inc. from Mirae Asset Capital Co,Ltd. for KRW 45.8 billion.
HDC HOLDINGS CO.,LTD 
