HYUNDAI WIA Corporation (KOSE:A011210), Hyundai Motor Company (KOSE:A005380) and Kia Corporation (KOSE:A000270) entered into a definitive agreement to acquire additional 30% stake in Hyundai Wia Automotive Engine (Shandong) Co., Ltd. from Rizhao Port Co., Ltd. (SHSE:600017) for approximately KRW 250 billion on April 27, 2020. As of April 27, 2020, HYUNDAI WIA Corporation increased its stake to 42.9%.
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- HYUNDAI WIA Corporation, Hyundai Motor Company and Kia Corporation entered into a definitive agreement to acquire additional 30% stake in Hyundai Wia Automotive Engine Co., Ltd. from Rizhao Port Co., Ltd. for approximately KRW 250 billion.