Hyundai Robotics Co.,Ltd (KOSE:A267250) made an offer to acquire an additional 14.51% stake in Hyundai Construction Equipment Corporation for approximately KRW 170 billion on June 12, 2017. As reported, Hyundai Robotics Co.,Ltd offered to acquire 0.52 million shares in Hyundai Construction Equipment Corporation at KRW 317,647 per share. As consideration, Hyundai Robotics Co.,Ltd will issue its shares and no cash payment will be given to the shareholders of Hyundai Construction Equipment Corporation.

Hyundai Robotics Co.,Ltd holds 0.48 million shares representing 13.4% stake. Post-acquisition, Hyundai Robotics Co.,Ltd will hold 0.99 million shares representing 27.8% stake. In a related transaction, Hyundai Robotics Co.,Ltd made an offer to acquire stakes in Hyundai Electric & Energy System Corporation (KOSE:A267260) and Hyundai Heavy Industries Co., Ltd. (KOSE:A009540).

The tender offer period is from July 12, 2017 to July 31, 2017. As of July 31, 2017, the shareholders' of Hyundai Heavy Industries Co., Ltd., Hyundai Heavy Industries Co., Ltd. and Hyundai Electric & Energy Systems Co., Ltd. subscribed to 4.35 million shares of Hyundai Robotics Co., Ltd. The payment date is August 2, 2017. NH Investment & Securities Co., Ltd. (KOSE:A005940) acted as the proxy agent for Hyundai Robotics and acted as service management company in the transaction.

As on August 2, 2017, Hyundai Robotics Co., Ltd. issued 4.2 million shares.