Boim Energy Co., Ltd. acquired a 49% stake in Hyundai Energy Company Ltd. from Hyundai Engineering & Construction Co., Ltd. (KOSE:A000720) for KRW 9.4 billion on July 24, 2020. As part of the transaction, Boim Energy Co., Ltd. acquired 11.9 million shares of Hyundai Energy Company Ltd. Post completion of the transaction, Boim Energy Co., Ltd. holds 51.37% stake in Hyundai Energy Company Ltd. Boim Energy Co., Ltd. completed the acquisition of a 49% stake in Hyundai Energy Company Ltd. from Hyundai Engineering & Construction Co., Ltd. (KOSE:A000720) on July 24, 2020.