Hyundai Robotics Co.,Ltd (KOSE:A267250) made an offer to acquire the additional 14.29% stake in Hyundai Electric & Energy System Corporation (KOSE:A267260) for approximately KRW 170 billion from a group of shareholders on June 12, 2017. Under the terms, Hyundai Robotics Co.,Ltd offered to acquire 0.53 million shares at KRW 316,617 per share. In consideration, Hyundai Robotics Co.,Ltd will issue its shares and no cash payment will be given to the shareholders. If the total number of applied shares is less than the number of shares for purchase, then all the applied shares will be purchased by Hyundai Robotics Co.,Ltd however, if the number of applied shares is more, then the shares will be proportionally purchased. In a related transactions, Hyundai Robotics Co.,Ltd made tender offers to acquire stakes in Hyundai Heavy Industries Co., Ltd. (KOSE:A009540) and Hyundai Construction Equipment Corporation (KOSE:A267270) on June 12, 2017. As per the amendment on July 10, 2017, the exchange ratio between Hyundai Heavy Industries Co., Ltd. and Hyundai Robotics Co., Ltd was revised to 1:0.7787381. As of July 31, 2017, Hyundai Robotics Co.,Ltd issued a total of 4.2 million shares to the shareholders of Hyundai Electric & Energy System Corporation, Hyundai Heavy Industries Co., Ltd. and Hyundai Construction Equipment Corporation as a result of the acquisitions. The tender offer duration is July 12, 2017 to July 31, 2017. The payment date is August 2, 2017. NH Investment & Securities Co., Ltd. acted as broker for Hyundai Robotics and acted as service management company in the transaction.

Hyundai Robotics Co.,Ltd (KOSE:A267250) completed the acquisition of additional 14.27% stake in Hyundai Electric & Energy System Corporation (KOSE:A267260) for approximately KRW 190 billion from a group of shareholders on July 31, 2017. As per the part of tender offer, 0.529.553 million shares were tendered.