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Hyundai Glovis Co Ltd (086280.KS)

086280.KS on Korea Stock Exchange

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Tue, May 15 2018

Hyundai overhaul hits another roadblock with ISS opposition

SEOUL/NEW YORK Opposition to Hyundai Motor Group's proposed new ownership structure grew on Tuesday with two major U.S. proxy advisers urging investors to reject a plan they said would benefit family members but not minority shareholders.

UPDATE 3-Hyundai overhaul hits another roadblock with ISS opposition

* Together foreigner investors own nearly 50 pct of Mobis (Add ISS report, Hyundai response)

Hyundai Mobis, Glovis shares fall on group restructuring worries

SEOUL Shares of Hyundai Mobis dropped almost 7 percent on Friday, hurt by worries that a proposed restructuring plan would benefit the parent group's controlling family at the cost of the company's shareholders.

UPDATE 2-Hyundai Mobis, Glovis shares fall on group restructuring worries

* Plan will be put to shareholders for approval on May 29 (Updates shares, adds profit margin data, Samsung merger background)

UPDATE 3-Concerns over Hyundai Motor Group overhaul rattle Mobis investors

* Plan passes Mobis' cash-cow business to Glovis cheaply -analysts

UPDATE 2-Hyundai group to streamline ownership structure in reform push

* Owner family members to buy stakes in Kia, Glovis and Steel

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

SEOUL, March 28 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.

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