1. Name of transaction party : Dymos, Hyundai Powertech, Wia
- Relationship with Company : Affiliate
2. Details of transaction:
- Amount of sale : KRW 5,702,505,000
- Purpose of sale : To improve Efficiency of R&D Functions
- Real estate for sale :
447-26 Onsuk-dong, Hwasung City, Gyeonggi Province,Korea
** Land : 49,587 square meters :
Company |
Area (sq.memter) |
Amount (KRW) |
Dymos |
18,108 |
2,082,420,000 |
Hyundai Powertech |
17,669 |
2,031,935,000 |
Wia |
13,810 |
1,588,150,000 |
- Appraisal amount of real estate for sales : KRW 5,702,505,000
- Accumulated balance of sale for CY 2005
(excluding the amounts stated in previous announcement)
: KRW 5,702,505,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
3. Decision Date : December 01, 2005
4.Others
- The “Shareholder’s Equity as of end of 2004” in #2 above represents the amount approved at the 37 th Annual General Meeting of Shareholders(March 04,2005) reflecting the effects of Kia Motors Corporation’s(a subsidiary under Hyundai Motor Company) change in its accounting policy
- The “Appraisal amount of real estate for sale ” in #2 above is based on the appraisal value amount.
- The “Decision date” in #3 above is the date of the transaction contract.
