Hyundai Motor and Kia Motors announced on the 4th that they will consider participating in the paid-in capital increase of the Korea Electric Vehicle Charging Service, an electric car charging business.
According to the industry on this day, Hyundai Motor and Kia are considering participating in the 3-way allocation paid-in capital increase worth 6 billion won, which is promoted by the Korea Electric Vehicle Charging Service after the end of this month.
Major shareholders such as KEPCO (28%) and KT(24%) are not expected to participate in the paid-in capital increase.
Currently, Hyundai Motor and Kia hold a total of 24% of shares, including 14.4% of the Korea Electric Vehicle Charging Service and 9.6% of Kia.
As a result, if only Hyundai Motor and Kia participate in the paid-in capital increase, their stakes in both companies will increase to 50% in addition to their existing shares to secure management rights.
Reporter Lee Ji-sun stockmk2020@gmail.com
