Hyundai Construction Equipment Co., Ltd. (KOSE:A267270) agreed to acquire the remaining 40% stake in Hyundai Heavy Industries (China) Investment Co., Ltd. from Korea Shipbuilding & Offshore Engineering Co., Ltd. (KOSE:A009540) for approximately KRW 150 billion on November 16, 2021. Post completion, Hyundai Construction will hold 100% in Hyundai Heavy Industries. In 2020, Hyundai Heavy Industries reported total assets of KRW 406.5 billion, total debt of KRW 33.6 billion, total equity of KRW 372.9 billion, sales of KRW 47.6 billion and net income of KRW 23.1 billion.