3rd Nov 2008 09:12
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure Date : November 03, 2008
Disclosure Title : Addition of an Affiliated Company
Affiliated Company
(1) Name of Company : Hyundai Motor Company Italy
(2) Representative : Chang Seok Im
(3) Total Assets : KRW 277,719,292,677
(4) Total Liabilities : KRW 274,631,101,965
(5) Total Shareholder's Equity : KRW 3,088,190,711
(6) Paid-in capital : KRW 1,632,130,000
(7) Business Areas : Auto sales
2. Name of Company Group : Hyundai Motor Group
3. Reason for Addition :
Addition through the acquisition of an overseas subsidiary(Italy) by Hyundai Motor Company.
4. Number of Affiliated Companies after addition :
- 186 companies
5. Date of Addition : November 03, 2008
6. Date of Confirmation : November 03, 2008
7. Others :
- The financial figures in #1 above are as of June 30, 2008 which is not including the initial remittance amount(EUR 45,000,000) and are based on the transaction currency for November 03, 2008(KRW 1632.13/1 EUR)
- 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 for an overseas direct investment.
- The above details are subject to change based on the related authorization process and laws of the related countries (including Italy and South Korea)
* Equal announcement obligation for affiliated company
Stock Market
- Kia Motors Corporation, Hyundai Mobis, Hyundai Steel, Hyundai Hysco, BNG Steel, Hyundai Autonet, GLOVIS, HMC Investment Securities.
Related Shares:
Hyundai Mtr.gdr