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KRX:267270

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Asia

HD Construction Equipment, Manitou Form Sales Partnership

HD Construction Equipment (KRX:267270), formerly HD Hyundai Construction Equipment, signed an agreement with Manitou for a mutual sales partnership in compact construction equipment, according to a Tuesday press release.Under the deal, HD Construction Equipment will source compact equipment from Manitou for global sales, while Manitou will add HD Construction Equipment's compact solutions to its Manitou and Gehl product lines.The partnership aims to expand the companies' compact equipment portfolios and enhance production, product quality and cost competitiveness, it said.

KRX:267270
Asia

HD Hyundai Construction Equipment Unit to Raise KRW88 Billion via Third Party Allotment

HD Hyundai Construction Equipment (KRX:267270) said its Indian unit HD Construction Equipment India will raise 87.7 billion won by issuing 11.8 million new common shares through a third-party allotment.The South Korean equipment maker said that under the offer, the new shares will be issued at 7,459 won apiece to its largest shareholder, HD Hyundai XiteSolution Co., according to a Tuesday filing with the Korean Exchange.The proceeds will be used to fund an industrial vehicle production facility and an R&D center, with payment due on Sept. 3 and delivery scheduled for Oct. 30.

KRX:267270
Asia

HD Hyundai Construction Equipment Terminates Treasury Stock Trust Contract

HD Hyundai Construction Equipment (KRX:267270) terminated its treasury stock acquisition trust contract with KB Securities following its expiration.The contract, originally valued at 60.9 billion won, started on Feb. 10 and ended Aug. 10, according to a bourse filing on Friday.Under the trust contract, the company acquired 424,511 common shares, which will be transferred to its securities account upon termination and subsequently canceled.As of Aug. 10, the company held 424,829 treasury shares in total, representing 0.89% of its 47.9 million issued shares.

KRX:267270
Asia

HD Hyundai Construction Equipment Terminates Treasury Stock Trust Contract

HD Hyundai Construction Equipment (KRX:267270) has terminated its treasury stock acquisition trust contract with KB Securities following the expiration of the contract period on Aug. 10.The trust contract, originally valued at 60.9 billion won and established on Feb. 10, resulted in the acquisition of 424,511 common shares, representing 0.89% of the company's total issued shares of 47.9 million.Following termination, the shares will be transferred to the company's securities account and subsequently cancelled, as previously disclosed in the company's July 29 filing.The company also cancelled 52,221 shares on April 30, including shares acquired from the HD Hyundai Infracore merger and exercised appraisal rights.

KRX:267270
Asia

Market Chatter: HD Construction Equipment Boosts Renewable Power Use in Incheon

HD Construction Equipment (KRX:267270) has signed long-term renewable energy contracts for its Incheon plant, more than doubling the facility's renewable electricity share to 43.9% from 19% by January 2027, the Korea Times reported Thursday.The agreements, which cover 12.4 megawatts-peak of capacity and involve direct power purchase agreements with multiple energy producers, are part of the company's goal of sourcing all of its electricity from renewable sources by 2040, the report said.Over the same period, the company's Ulsan and Gunsan plants are expected to increase their renewable electricity shares to 42% and 53.1%, respectively, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:267270
Asia

HD Construction Equipment's Q2 Net Attributable Income Jumps 3,658%; Sales Up 152%

HD Construction Equipment (KRX:267270) posted a 3,658% year-over-year rise in net income attributable to shareholders of the parent to 180.4 billion won for the second quarter ended June 30 from 4.8 billion won.Sales jumped 152% to 2.434 trillion won from 967.7 billion won, according to a Wednesday filing with the Korea Exchange.Shares of HD Construction Equipment fell nearly 4% at market close.

KRX:267270
Asia

HD Construction Equipment's Q2 Attributable Net Income Jumps 3,658%; Shares Slip 7%

HD Construction Equipment (KRX:267270) posted a 3,658% year-over-year surge in net income attributable to owners of the parent to 180.4 billion won from 48 billion won for the second quarter.Sales jumped 151.5% to 2.434 trillion won from 967.7 billion won for the three months ended June 30, according to a Wednesday filing with the Korea Exchange.Shares of the company fell more than 7% in recent trade.

KRX:267270

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