Fact Source: Financial Supervisory Service DART
💡 3-Second Summary
Hyundai Motor disclosed a correction regarding its participation in the rights issue of its subsidiary, 42dot Inc., updating the total shares to be acquired to 5,095,446 shares for KRW 657.31B.
📊 [Key Disclosure Contents & Major Figures Summary]
- Correction Overview
- Corrected Document: Decision on Acquisition of Shares and Equity Securities of Other Corporation (Voluntary Disclosure) (Originally filed on June 4, 2024)
- Date of Correction: 2024-06-25
- Reason for Correction: Revisions following the acquisition of forfeited shares in the rights issue
- Key Corrected Details (Acquisition & Shareholding)
- Shares to be Acquired: (Before) 5,042,099 shares ➔ (After) 5,095,446 shares (+53,347 shares)
- Acquisition Amount: (Before) KRW 650,431,000,000 ➔ (After) KRW 657,313,000,000 (+KRW 6,882,000,000)
- Total Shares Owned After Acquisition: (Before) 7,571,258 shares ➔ (After) 7,624,605 shares
- Equity Ratio After Acquisition: (Before) 56.93% ➔ (After) 57.33% (+0.40%p)
- Target Company & Transaction Structure
- Target Company: 42dot Inc. (Subsidiary of Hyundai Motor, SDV Software Developer)
- Acquisition Method: Cash acquisition via participation in shareholder-allocated rights offering
- Issue Price per Share: KRW 129,000
- Phased Payment Schedule:
- Tranche 1 (Completed): Payment Date 2023-05-30 / 1,610,413 shares / KRW 207,743M
- Tranche 2 (Corrected): Scheduled Date 2024-06-27 / 1,217,157 shares / KRW 157,013M (Previously: June 2024, 1,179,564 shares, KRW 152,164M)
- Tranche 3 (Corrected): Scheduled Date During 2025 / 2,267,876 shares / KRW 292,556M (Previously: 2,252,122 shares, KRW 290,524M)
- Other Important Notes
- Acquisition amount represents 0.72% of total equity (KRW 90,896,545,000,000 based on 2022 consolidated financial statements).
- Tranche 3 figures remain subject to potential changes during the rights offering process.
- Replaces previous clarification disclosures regarding media reports dated December 5, 2022.
📝 Editor’s Comment (Key Follow-up Checkpoint)
📌 Verification of Phased Capital Injection Execution and Final Shareholding Ratio
This corrected disclosure reflects adjustments in the number of shares and investment amounts for Tranches 2 and 3 due to the re-allocation of forfeited shares in 42dot Inc. Checking whether the capital contributions are completed as scheduled on June 27, 2024 for Tranche 2 and during 2025 for Tranche 3 is important for determining whether the transaction has been fully executed. Further details can be verified in future official disclosures, such as subsequent corrective filings or Quarterly, Half-Year, and Annual Reports.
📢 Disclaimer & Source Information
Source: This content was structured and generated based on official submission data from the Financial Supervisory Service DART system.
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