REG - Hyundai Motor Co - Investment in an affiliate company

Mon Sep 17, 2012 5:47am EDT

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RNS Number : 4042M
Hyundai Motor Company
17 September 2012
 



HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

 

Disclosure date    :             September 17, 2012

Disclosure title     :             Investment in an affiliate company

 

1. Affiliate: Hyundai Kefico

 

2. Investment Detail

             A. Date of Investment: 1st - September 27, 2012 / 2nd - October 30, 2012

             B. Investment Target:        1st - Hyundai Kefico 10,000,000 Common Shares

                                                     2nd - Hyundai Kefico  5,000,000 Common Shares

             C. Investment Amount:      1st - 100 Billion Korean Won

                                                      2nd - 50 Billion Korean Won

             D. Total Paid-in Capital increase of Kefico:   1st - 120.9 Billion Korean Won

                                                                                2nd - 170.9 Billion Korean Won

 

3. Purpose of Investment: Participate in Paid-In Capital Increase

 

4. Resolution date of Board of Directors: September 15, 2012

             A. Attendance of outside Directors: 5 out of 5

             B. Attendance of Auditors: Yes

 

5. Others

             A. The above is for our participations in each of two Paid-in capital increases

             B. The investment date in #2 is the date of payment of stocks

             C. The above contents may be subject to change depending on procedures of paid-in

capital increase or related legislations.

 


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