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Hyundai Motor Group denies report on holding company plan
May 18, 2017 / 9:18 AM / 6 months ago

Hyundai Motor Group denies report on holding company plan

SINGAPORE (Reuters) - Hyundai Motor denied a media report that it plans to decide next week whether to introduce a holding company structure.

The logo of Hyundai Motor is seen at its dealership in Seoul, South Korea, April 26, 2017. REUTERS/Kim Hong-Ji/Files

Maeil Business Newspaper said on Thursday that Hyundai Motor and other affiliates will hold board meetings next week to discuss the plan, citing investment banking sources.

“The report is groundless,” a Hyundai spokesperson said.

Reporting by Hyunjoo Jin and Joyce Lee; Editing by Christian Schmollinger

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