24th Jul 2008 12:28
RNS Number : 8076Z
Hyundai Motor Company
24 July 2008
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Stock Exchange
Disclosure date : July 24, 2008
Disclosure title : Equity Investment in Major Shareholder
1. Name of investment recipient : HMC Investment Securities
- Relationship with Company : Affiliate
2. Details of Investment:
- Date of Investment : July 30, 2008
- Object of Investment : 2,114,164 common shares of
HMC Investment Securities
- Investment Amount : KRW 50,000,000,000
- Total Investment Amount in HMC Investment Securities : KRW 171,725,000,000
- Method of Investment : Participation in paid-in capital increase
3. Date of BOD Resolution : July 24, 2008
- Attendance of outside Directors : 5 out of 5
- Attendance of auditors: present
* The auditors are members of the audit committee
4. Applicability under Fair Trade Act : No
5. Others:
- The date of investment in #2 above is expected date of Investment.
- Amounts less than KRW 100,000 have been rounded up in the ‘Total Investment amount in HMC Investment Securities’ in #2 above.
- The above contents are subject to change depending on process for the participation in paid-in capital increase and related regulations.
This information is provided by RNS
The company news service from the London Stock Exchange
Related Shares:
Hyundai Mtr.gdr