An unknown buyer agreed to acquire 80% stake in Hyundai Heavy Industries Power Systems Co., Ltd from Korea Shipbuilding & Offshore Engineering Co., Ltd. (KOSE:A009540) on March 24, 2021. As per terms, Korea Shipbuilding & Offshore Engineering sold 0.8 million shares equivalent to 80% stake in Hyundai Heavy Industries Power Systems reducing its stake to 20% and number of subsidiaries holding from 12 to 11. For fiscal year 2020, total asset and net asset of Hyundai Heavy Industries Power Systems Co., Ltd was KRW 181.4 billion and KRW 86.7 billion respectively. An unknown buyer completed the acquisition of 80% stake in Hyundai Heavy Industries Power Systems Co., Ltd from Korea Shipbuilding & Offshore Engineering Co., Ltd. (KOSE:A009540) for approximately KRW 140 billion on July 30, 2021.