Hyundai Electric & Energy Systems Co., Ltd. (KOSE:A267260) agreed to acquire Hyundai Heavy Industries (China) Electric Co., Ltd for KRW 40.5 billion on October 31, 2017. The consideration is paid in cash. For the financial year ended December 31, 2016, Hyundai Heavy Industries (China) Electric Co., Ltd had total assets of KRW 140.3 billion, net assets of KRW 45.6 billion, revenue of KRW 44.3 billion and net loss of KRW 3.3 billion. The transaction is resolved by Board of Directors of Hyundai Electric & Energy Systems Co., Ltd.