HHIH attracts 800 bln-won investment via its unit’s pre-IPO

Yonhap News Agency | Feb 23, 2021 at 8:10 AM
  • Hyundai Heavy Industries Holdings Co. (HHIH) said Tuesday that it has attracted about 800 billion won (US$720 million) via a pre-initial public offering of its wholly owned ship repairing unit Hyundai Global Service.
  • HHIH plans to hold its shareholders meeting on March 25 to discuss its management agenda, including a 5 to 1 stock split.
  • The split stocks are slated to be traded on the main Seoul bourse from April 12.