HDC HOLDINGS CO.,Ltd acquired an additional 12.5% stake in HDC 1st Reit Co., Ltd from Hdc I-Service Co., Ltd. and HDC I-Controls Co., Ltd. for KRW 2.4 billion.
April 28, 2020
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HDC HOLDINGS CO.,Ltd (KOSE:A012630) acquired an additional 12.5% stake in HDC 1st Reit Co., Ltd from Hdc I-Service Co., Ltd. and HDC I-Controls Co., Ltd. (KOSE:A039570) for KRW 2.4 billion on April 24, 2020. As per terms, Hdc I-Service Co., Ltd. and HDC I-Controls Co., Ltd. sold 0.04 million shares each at KRW 29,562 per share. Post completion, HDC HOLDINGS CO.,Ltd increased its stake in HDC 1st Reit Co., Ltd from 81.25% to 93.75% whereas Hdc I-Service Co., Ltd. and HDC I-Controls Co., Ltd. reduced their stake in HDC 1st Reit Co., Ltd to 0%.
HDC HOLDINGS CO.,Ltd (KOSE:A012630) completed the acquisition of an additional 12.5% stake in HDC 1st Reit Co., Ltd from Hdc I-Service Co., Ltd. and HDC I-Controls Co., Ltd. (KOSE:A039570) on April 24, 2020.
HDC Labs Co Ltd, formerly HDC I-Controls Co Ltd, is a Korea-based company mainly engaged in the provision of information technology (IT) consulting services for the construction industry. The Company operates its business mainly through four segments. The Smart Home segment is mainly engaged in the business of building smart life environment by integrating information technology with the residential environment. The Mechanical and Electrical segment is mainly engaged in business to create an environment required in the production process of residential spaces and industrial facilities. The Smart Building segment is mainly engaged in the business of building systems that control lighting and temperature control, ventilation and communication facilities. The Social Overhead Capital segment is mainly engaged in the business of establishing control systems such as communications and signals in the public sector.