Hyundai HCN Co.,Ltd. (KOSE:A126560) acquired Hyundai Hcn Seocho Cable Co., Ltd for KRW 32.5 billion on January 1, 2019. As per the transaction, Hyundai HCN acquired 2 million shares of Hyundai Hcn Seocho Cable for KRW 16,250 per share. Prior to the transaction, Hyundai HCN did not hold any stake in Hyundai Hcn Seocho Cable. Upon completion, Hyundai HCN holds the entire stake in Hyundai Hcn Seocho Cable.
Hyundai HCN Co.,Ltd. (KOSE:A126560) completed the acquisition of Hyundai Hcn Seocho Cable Co., Ltd on January 1, 2019.
Hyundai Futurenet Co Ltd is a Korea-based company principally engaged in the digital signage business. The Company operates its business through four segments. The Signage Business segment is engaged in the provision of video contents such as information, entertainment advertisement and others through display screens. The Messaging Business segment is engaged in the provision of message agency services sent by corporates used for reservation, order confirmation, and delivery to customers as well as advertising and other purposes. The Immersive Contents Business segment is engaged in the provision of media art exhibitions and operation of museums. The Cosmetic Materials Business segment is engaged in the manufacture and sale of raw materials for cosmetics, health functional food and other products.