Hyundai Autoever Corp agreed to acquire Hyundai C&I Co., Ltd. from Hyundai Engineering & Construction Co., Ltd. on August 19, 2014. The merger ratio has been decided as 1:0.65 and as a part of the acquisition, Hyundai Autoever Corp will issue 0.06 million shares. For December 31, 2013, Hyundai C&I Co., Ltd reported total assets of KRW 0.46 million, total liabilities of KRW 0.24 million, total stockholders equity of KRW 0.22 million, sales revenue of KRW 0.93 million and net profit of KRW 0.04 million. The transaction has been resolved by the Board of Directors of Hyundai Autoever Corp on August 19, 2014. The stock holders meeting has been scheduled on September 29, 2014. The merger date has been set at November 1, 2014 and expected date of registration has been set at November 3, 2014. Samjong KPMG Advisory Inc. acted as financial advisor for Hyundai AutoEver Corp.

Hyundai Autoever Corp completed the acquisition of Hyundai C&I Co., Ltd. from Hyundai Engineering & Construction Co., Ltd. on November 3, 2014. Hyundai Autoever Corp holds 13,048 shares of Hyundai Autoever Corp.