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Thursday 20 November, 2008

Hyundai Motor Co

Addition of an Affiliated Com

RNS Number : 5611I
Hyundai Motor Company
20 November 2008
 




HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange 



Disclosure Date    :  November 20, 2008

Disclosure Title   :  Addition of an Affiliated Company


  • Affiliated Company

(1) Name of Company KEFICO Automotive Systems(BeijingCo.,ltd 

(2) Representative : Min Ho Lee

(3Total Assets : KRW 4,351,800,000

(4Total Liabilities : -    

(5) Total Shareholder's Equity : KRW 4,351,800,000

(6Paid-in capital : KRW 4,351,800,000

(7) Business Areas : Production and sales of auto parts

 

2. Name of Company Group : Hyundai Motor Group

 

3. Reason for Addition 

Addition through the establishment of an overseas subsidiary(China) by KEFICO which is an affiliate of Hyundai Motor Company.

 

4. Number of Affiliated Companies after addition : 

187 companies

 

5. Date of Addition November 20, 2008

 

6. Date of Confirmation : November 20, 2008

 

7. Others : 


The financial figures in #1 above are total amount of investment by KEFICO which is scheduled to be invested in installments and are based on the transaction currency for November 19, 2008(KRW 1,450.6/1 USD)


The number of affiliated companies in #4 above

include both domestic and overseas affiliates (including subsidiaries of the affiliates).


- The addition date in #5 above and the confirmation date in #6 above are the acceptance date of the notice document on establishment of overseas subsidiary by KEFICO.


* Equal announcement obligation for affiliated company 

1. Stock Market

Kia Motors Corporation, Hyundai Mobis, Hyundai Steel, Hyundai Hysco, BNG Steel, Hyundai Autonet, GLOVIS, HMC Investment Securities.



This information is provided by RNS
The company news service from the London Stock Exchange
 
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