[Special Stock] DisplayTech, Hyundai Motor's Korea Electric Vehicle Charging Service 18 Billion Investment... Highlighted Stake Ownership Up↑

DisplayTech is showing strong performance. It is interpreted that this is influenced by the news that Hyundai Motor Group will make an additional investment of 18 billion KRW in Korea Electric Vehicle Charging Service, in which DisplayTech holds shares.

As of 9:12 AM on the 26th, DisplayTech is trading at 7,790 KRW, up 15.01% compared to the previous day.

According to industry sources the day before, Hyundai Motor announced that it resolved at the board meeting on the 25th to invest 18.3 billion KRW on May 2nd to participate in the paid-in capital increase of Korea Electric Vehicle Charging Service. Accordingly, Hyundai Motor will acquire an additional 1.14 million common shares of Korea Electric Vehicle Charging Service, increasing the total investment amount to 25.4 billion KRW.

Kia, part of Hyundai Motor Group, also announced that it will additionally invest 12.2 billion KRW in the paid-in capital increase of Korea Electric Vehicle Charging Service. Kia's total investment amount is 16.8 billion KRW.

Korea Electric Vehicle Charging Service is a company established in August 2015 with the main purpose of building electric vehicle charging infrastructure and providing electric vehicle charging services.

As of the end of last year, the shareholding structure of Korea Electric Vehicle Charging Service is Hyundai Motor 38.12%, Kia 25.41%, KT 19.03%, and DisplayTech 17.44%, among others.