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Decision on Acquisition of Shares or Investment Certificate of Other Corporation

2019.09.25 No. 890

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

Disclosure Title       :  Decision on Acquisition of Shares or Investment Certificate of Other Corporation

 

1.Details of Issuing Company

-Name of Company : To be decided

-Nationality : United States of America

-Representative : To be decided

-Total Number of Shares Issued : 4,000,000

-Main Business : Development and sales of autonomous driving technology

 

2.Details of Acquisition

-Number of Shares to be Acquired : 1,040,001

-Acquisition Amount : KRW 1,238,745,000,000

-Equity Capital : KRW 73,896,010,000,000

-Ratio to Equity Capital : 1.68%

 

3.Number of Shares Held and Shareholding Ratio after Acquisition

-Number of Shares Held : 1,040,001

-Shareholding Ratio : 26%

 

4.Acquisition Method : Cash acquisition along with providing service and patent license, 

5.Purpose of Acquisition : Expanding mobility service business through establishment of JV related to autonomous driving technology

6.Scheduled Acquisition Date : To be decided

7.Date of Board Resolution (Decision Date) : 2019-09-23

-Attendance of Independent Directors : 6 (present) / 0 (absent)


File
  • 19-09-24-ir-pt-for-autonomous-driving-jv-between-hhg-and-aptiv.pdfDownload
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