Hyundai Mobis Co.,Ltd. cancelled the acquisition of 36.11% stake in G.I.T. Co., Ltd. from THN Corporation.
G.I.T. reported total assets of KRW 86.8 billion, total liabilities of KRW 17.4 billion, revenue of KRW 58.6 billion and net profit of 16.2 billion in the year ending on September 30, 2014. The Board of Directors of THN Corporation passed a resolution for the transaction on July 28, 2015. As of December 21, 2015, transaction is expected to close on December 21, 2015. Dae Gyeong Accounting Corp. acted as the valuer in the transaction.
Hyundai Mobis Co.,Ltd. (KOSE:A012330) cancelled the acquisition of 36.11% stake in G.I.T. Co., Ltd. from THN Corporation (KOSE:A019180) on July 28, 2016.