[Asia Economy Reporter Yoo Byung-don] HDC Hyundai EP announced on the 12th that it will acquire 48,960 shares of its bio-material compounding subsidiary (JV) for approximately 12.2 billion KRW.
After the acquisition, the shareholding ratio will be 51%. The scheduled date for the stock acquisition is January 20 of next year.
HDC Hyundai EP stated that the purpose of this stock acquisition is to "enter the eco-friendly bioplastic market."
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