1st Jul 2008 10:37
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure Date : July 1, 2008
Disclosure Title : Addition of an Affiliated Company
Affiliated Company
(1) Name of Company : Hyundai Powertech Manufacturing America,inc.
(2) Representative : Jung, Il Soo
(3) Total Assets : KRW 73,171,000,000
(4) Total Liabilities : -
(5) Total Shareholder's Equity : KRW 73,171,000,000
(6) Paid-in capital : KRW 73,171,000,000
(7) Business Areas : Manufacturing of Automatic transmission.
2. Name of Company Group : Hyundai Motor Group
3. Reason for Addition :
Addition through the establishment of an overseas subsidiary(United States of America) as an affiliate of Hyundai Powertech.
4. Number of Affiliated Companies after addition :
- 176 companies
5. Date of Addition : June 27, 2008
6. Date of Confirmation : July 1, 2008
7. Others :
- The above mentioned amount in # 1 are total investment by Hyundai Powertech and will be paid in installments. And The above mentioned amount in # 1 are based on the exchange rates for July 1, 2008(KRW 1,045.30 / 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 is the date of remittance and the confirmation date in #6 above is the acceptance date of the notice document for establishment of an overseas subsidiary.
- The above contents may be subject to change depending on the authorization process, laws and ordinances, etc. of the related countries(including both United States of America and Korea).
* 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.
Related Shares:
Hyundai Mtr.gdrHyundai M.gds O