[DISCLOSURE]
Hyundai Development Company (012630) announced on Feb. 22 that it has decided to acquire 75 percent stake (147,749 shares) of its affiliate HDC Real Estate Contents at 36.94 billion won (US$34.25 million).
This amounts to 1.3 percent of its equity capital and its stake will be 75 percent (147,750 shares) after acquisition.
By Hwang You-mee (
glamazon@heraldcorp.com)