An unknown buyer agreed to acquire 33.1% stake in Hyundai Construction Equipment Co., Ltd. (KOSE:A267270) from Hyundai Heavy Industries Holdings Co., Ltd. (KOSE:A267250) for approximately KRW 350 billion on July 26, 2021. The method of the transaction is in-kind. As per the transaction, buyer will acquire 6.52 million shares. Post completion, seller will hold no stake in Hyundai Construction Equipment Co., Ltd. The Board of Directors has passed the resolution for the transaction. Completion is expected on August 2, 2021.