REG - Hyundai Motor Co - Response to Disclosure Inquiry regarding Rumor

Thu Sep 6, 2012 2:00am EDT

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RNS Number : 6168L
Hyundai Motor Company
06 September 2012
 



 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

 

Disclosure Date:               September 3, 2012

Disclosure Title:               Response to Disclosure Inquiry regarding Rumor or News

 

 

1. Title of disclosure

Response to disclosure inquiry regarding stake sales in Korea Aerospace Industries

 

2. Response from the company

During the period of Korea Finance Corporation, the chair of KAI shareholders conference, accepting the offers for the auction, only one company submitted a bid as of August 31st. HMC 
verified a miscarriage of auction for the sales of KAI shares due to a lack of workable competition.

HMC will release a follow-up disclosure within 6 months or issue an immediate disclosure if 
any concrete decision has been made before 6 months of period is reached.

 

3. Others

Above response is for the disclosure inquiry from Korea Exchange on the rumor regarding 
involvement of Hyundai Motor Company in Sales of KAI.

Related disclosures previously issued: April 20th 2012, May 18th 2012, and August 17th 
2012


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