Hyundai Motor Singapore PTE. LTD. announced that it will issue 380,254 common shares at a price of KRW 82933 per share for the gross proceeds of KRW 31,535,604,982 on October 30, 2020. The transaction include participation from returning investor Hyundai Autoever Corporation (KOSE:A307950). Post completion of transaction, investor will hold 10% stakes in the company. The transaction has been approved by board of the company. The transaction is expected to close on November 24, 2020.