22nd Dec 2008 09:16
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure Date : December 22, 2008
Disclosure Title : Addition of an Affiliated Company
Affiliated Company
(1) Name of Company : Innocean Worldwide Holdings, Inc.
(2) Representative : Young Ill Kim
(3) Total Assets : KRW 11,738,090,000
(4) Total Liabilities : -
(5) Total Shareholder's Equity : KRW 11,738,090,000
(6) Paid-in capital : KRW 11,738,090,000
(7) Business Areas : Advertising agency and advertisement production
2. Name of Company Group : Hyundai Motor Group
3. Reason for Addition :
Addition through the establishment of an overseas subsidiary(U.S.A.) by Innocean which is an affiliate of Hyundai Motor Company.
4. Number of Affiliated Companies after addition :
- 188 companies
5. Date of Addition : December 22, 2008
6. Date of Confirmation : December 22, 2008
7. Others :
- The financial figures in #1 above are total amount of investment by Innocean and are based on the transaction currency for December 22, 2008(KRW 1,289.90/1 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 Innocean.
- The above details are subject to change based on the related authorization process and laws of the related countries (including U.S.A and South 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.gdr