HS Hyosung Advanced Materials to Acquire Shares in Subsidiary HS Hyosung Energy Solution BV

HS Hyosung Advanced Materials (298050) announced via a public disclosure on July 9, 2026, its decision to acquire 60 million shares of its subsidiary HS Hyosung Energy Solution BV for 344.8 billion won. The acquisition aims to fulfill a cash call for capital contribution, to be paid in cash. Post-acquisition, HS Hyosung Advanced Materials will hold 240 million shares, representing a 72.73% stake in HS Hyosung Energy Solution BV, a Belgian subsidiary specializing in secondary battery materials, R&D, manufacturing, and sales. The transaction constitutes 4.17% of the parent company's equity and is expected to be completed by July 24, 2026. HS Hyosung Advanced Materials, a chemical fiber manufacturer listed on KOSPI since June 4, 2018, closed its stock price at 148,300 won on July 9, down 1.26% from the previous day. Recent financials for December 2025 show consolidated assets of 39,034 billion won, liabilities of 3,769 billion won, equity of 826.5 billion won, revenue of 32,830 billion won, operating profit of 1,574 billion won, and net profit of 157 billion won.