Hyundai Heavy Industries Green Energy Co., Ltd. cancelled the acquisition of Control System business from HYMS Co., Ltd.
April 13, 2019 at 05:00 am
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Hyundai Heavy Industries Green Energy Co., Ltd. agreed to acquire Control System business from HYMS Co., Ltd for KRW 4.5 billion on April 13, 2018. The transaction is subject to approval of government authorities. The Board of Directors passed a resolution on the transaction on April 13, 2018. As of May 30, 2018, the consideration has been revised to KRW 8.4 billion from KRW 4.5 billion earlier. The Board of Hyundai Heavy Industries Co., Ltd. resolved in favor of the deal on the same date. The acquisition is expected to close on May 1, 2018 and may change according to approval of the government authorities.
Hyundai Heavy Industries Green Energy Co., Ltd. cancelled the acquisition of Control System business from HYMS Co., Ltd on April 13, 2019.
Hd Hyundai Energy Solutions Co Ltd, formerly Hyundai Energy Solutions Co Ltd, is a Korea-based company primarily engaged in the manufacture and sale of solar modules. The Company is engaged in the manufacture and sale of residential, commercial, floating and solar power block modules. And the Company is also engaged in the provision of inverters, energy storage systems (ESS), micro power stations (MPS), engineering procurement construction (EPC), as well as operation and maintenance (O&M).