HD Hyundai Infracore set a new high price in the early trading on the 4th, the highest in the last year. This is interpreted as a result of the HD Hyundai Group withdrawing its listing plan for HD Hyundai XiteSolution, a mid-holding company for construction machinery, which raised concerns over duplicate listings.
On this day, at 9:19 a.m., HD Hyundai Infracore's shares were traded at 16,280 won in the KOSPI market. The stock price rose by 7.25% (1,100 won) compared to the previous trading day. Early in the session, the stock price jumped to 16,500 won, reaching the highest price in the last year.
At the same time, HD Hyundai Construction Equipment's stock also showed strength, rising by 5.87% (5,300 won) to 95,600 won. HD Hyundai Construction Equipment's stock price also increased to 98,800 won in early trading, approaching the highest price of the year (99,400 won).
It seems that the impact of concerns over duplicate listings is significant. HD Hyundai noted during a corporate briefing to announce its second quarter (April-June) management results that "in accordance with the withdrawal of the listing plan for HD Hyundai XiteSolution, it was decided to acquire all of the equity held by KDB Investment for 544.1 billion won." KDB Investment holds 19.78% of the equity in HD Hyundai XiteSolution.
HD Hyundai also explained that HD Hyundai Construction Equipment will absorb HD Hyundai Infracore in January 2026, and that HD Hyundai XiteSolution will continue to play the role of a mid-holding company.