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Change in transaction with affiliated company

29th Jul 2010 11:27

RNS Number : 1545Q
Hyundai Motor Company
29 July 2010
 



HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

 

 

Disclosure date : July 29, 2010

Disclosure title : Change in Transaction with Affiliated Company Controlled by Same Person*

 

Details of Transaction :

(Unit : KRW 100 million)

1. FY09 Revenue : 318,593

 

2. Amount of Transaction between HMC and Affiliated Company Controlled by Same Person

Name of Affiliate : Glovis

Before

Change

Sales To

622

Purchase From

1,466

Total (% of Revenue)

2,088 (0.7)

After

Change

Sales To

1,034

Purchase From

1,466

Total (% of Revenue)

2,500 (0.8)

 

3. Date of Board Resolution : July 29, 2010

 

4. Reason for Change : The Company expects transaction amount to be higher than planned

 

5. Others : Above change is applied to 3Q 2010 transaction plan

 

* Related disclosure : April 22, 2010

 

* "Affiliated Companies Controlled by Same Person" as defined by The Monopoly Regulation and Fair Trade Act refers to companies where a single individual and/or his relations owns a combined share of 30% for non-listed companies and 50% for listed companies.

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

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