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(Seoul=NSP News Agency) YEON SUN HAN Journalist = HDC Hyundai Development Company(Managing Director Kim, Dae Chul) confirmed the acquisition of Real Estate 114 on Jan. 4

HDC Hyundai Development Company held board of director meeting on Jan. 4 and announced that it will acquire Real Estate 114 at the acquisition price of 63.7 billion won at the ratio of 8 to 2 by HDC Hyundai Development Company and HDC Icontrols, a subsidiary of HDC and planning to make a formal contract on Jan 10.

Through this acquisition, HDC Hyundai Development Company is reinforcing current business by utilizing real estate Big Data and real estate development information and considering expanding construction industry Value Chain in various sectors such as real estate management, operation, financial service, real estate consulting, and reform business.

On the other hand, HDC Hyundai Development Company is increasing efforts on building differentiated business portfolios in order to jump into a comprehensive real estate and infra group.

NSP News Agency/NSP TV YEON SUN HAN Journalist, hanys4017@nspna.com
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