Korea Shipbuilding & Offshore Engineering Co.,Ltd. (KOSE:A009540) agreed to acquire ship control business of Hyundai Electric & Energy Systems Co., Ltd. (KOSE:A267260) for KRW 12.7 billion on July 1, 2019. As per amendment dated July 24, 2019, Korea Shipbuilding & Offshore Engineering Co.,Ltd. will acquire ship control business of Hyundai Electric & Energy Systems Co., Ltd. for KRW 19.6 billion. The transaction is expected to be completed by July 1, 2019.

Korea Shipbuilding & Offshore Engineering Co.,Ltd. (KOSE:A009540) cancelled the acquisition of ship control business of Hyundai Electric & Energy Systems Co., Ltd. (KOSE:A267260) on July 1, 2020.