Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor has decided to acquire Hyundai Mobis Co., Ltd.’s domestic hydrogen fuel cell business (personnel, assets, and facilities) for KRW 217.8B to strengthen its hydrogen fuel cell competitiveness.
📊 [Key Disclosure Content & Financial Highlights]
1. Target Business & Counterparty
- Target Business: Domestic hydrogen fuel cell business of Hyundai Mobis Co., Ltd. (personnel, assets, and equipment of the business unit responsible for hydrogen fuel cell production and R&D including non-vehicle applications)
- Counterparty: Hyundai Mobis Co., Ltd.
2. Purpose & Transaction Amount
- Transaction Purpose: Establishing a unified value chain system to strengthen hydrogen fuel cell competitiveness based on the hydrogen ecosystem strategy
- Transaction Amount: KRW 217.8B (KRW 217,800,000,000) ※ Equivalent to 0.09% of total assets at the end of the recent fiscal year (2022)
3. Schedule & Other Key Details
- Contract Date: February 16, 2024
- Board Resolution Date: February 16, 2024
- Scheduled Closing Date: May 31, 2024
- Shareholder Approval: Does not constitute a business transfer under Article 374 of the Commercial Code, thus does not require shareholder approval
- Price Adjustment Condition: The acquisition price was evaluated as of June 30, 2023, and may be adjusted based on changes in net assets between the evaluation base date and the closing date (May 31, 2024)
- Prior Disclosure Context: Serves as the final confirmation disclosure replacing the unconfirmed clarification disclosures filed on August 31, 2023, and September 27, 2023
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Transaction Closing and Final Price Settlement
This voluntary disclosure details the contract execution and provisional acquisition price. Checking whether the business acquisition is completed on schedule by the target closing date of May 31, 2024, and verifying any adjustments to the final acquisition price is important for determining the official completion of the transaction. The final completion details and settled amounts can be verified in subsequent official disclosures or future quarterly, half-year, or annual reports.
📢 Disclaimer & Source Notice
Source: This content has been newly structured and created based on officially submitted data from the Financial Supervisory Service’s DART system.
Investment Risk Warning: This content is provided strictly for informational and language reference purposes only. Under no circumstances does it constitute financial advice or a recommendation to buy or sell any specific stock. All investment decisions and financial liabilities rest entirely with the individual investor.
Contact: For compliance inquiries or copyright requests, please contact ksb220805@gmail.com.
