March 28, 2018 / 7:10 AM / 4 months ago

S.Korea's Hyundai Mobis says will spin off 2 divisions, merge them with Glovis

SEOUL, March 28 (Reuters) - South Korea’s auto parts maker Hyundai Mobis Co Ltd said on Wednesday it will spin off its module and after-service parts businesses and merge them with affiliate Hyundai Glovis.

South Korea’s Hyundai Glovis said in a regulatory filing that the merger is intended to resolve circular shareholdings. (Reporting by Joyce Lee Editing by Shri Navaratnam)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below