Hyundai Corporation (KOSE:A011760) acquired remaining 90% stake in Hyundai Energy & Resources Co., Ltd. from Hyundai Heavy Industries Co.,Ltd (KOSE:A009540), Hyundai Mipo Dockyard Co., Ltd. (KOSE:A010620) and Hyundai Oilbank Co., Ltd. for approximately KRW 520 million on March 31, 2015. Hyundai Heavy Industries Co.,Ltd sold 0.2 million shares comprising 40% stake, Hyundai Mipo Dockyard Co., Ltd. sold 0.18 million shares comprising 35% stake and Hyundai Oilbank Co., Ltd. sold 0.08 million shares comprising 15% stake at the price of KRW 1,162 per share.

Hyundai Corporation (KOSE:A011760) completed the acquisition of remaining 90% stake in Hyundai Energy & Resources Co., Ltd. from Hyundai Heavy Industries Co.,Ltd (KOSE:A009540), Hyundai Mipo Dockyard Co., Ltd. (KOSE:A010620) and Hyundai Oilbank Co., Ltd. on March 31, 2015.