Hyundai Motor Company Decision on Disposal of Stocks or Investment Certificates of Other Corporation (Voluntary Disclosure)
Original title (Korean): 타법인주식및출자증권처분결정(자율공시)
AI Summary
Original filing ↓Hyundai Motor Company Decides to Dispose of Russian Subsidiary Shares for KRW 287.3 billion
- Hyundai Motor Company decided to dispose of its shares in Russian subsidiary Hyundai Motor Manufacturing Rus LLC for KRW 287.3 billion.
- The company is proceeding with the sale including buyback conditions due to the continued inability to operate the Russian plant.
- The Share Purchase Agreement (SPA) is planned to be signed with a buyback option (call option) allowing the repurchase of shares through option exercise.
- The scheduled disposal date is Dec 28, 2023.
Notes The issuing company is a limited liability company, so the total number of issued shares and the number of disposed shares are not applicable. · The scheduled disposal date is an estimated date and may change depending on the progress of the disposal procedures. · The disposal amount is based on the book value of the company's owned shares in the separate statement of financial position and is rounded to the nearest million won.
This summary was generated automatically from the Korean filing and may contain errors. The original Korean filing prevails.
Original filing
The full filing is available in Korean only.
Other English summaries from Hyundai Motor Company
| Date | Filing |
|---|---|
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| Oct 29, 2026 | Report on Business Performance according to Consolidated Financial Statements (Fair Disclosure) AIHyundai Motor Company Announces Preliminary Q3 2026 Results |
| Oct 29, 2026 | Decision on Disposal of Treasury Stock AIHyundai Motor Company Decides to Dispose of Treasury Stock Worth KRW 271.5 billion |
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Source: Financial Supervisory Service, Data Analysis, Retrieval and Transfer System (DART), via OpenDART. https://dart.fss.or.kr/dsaf001/main.do?rcpNo=20231219800450
DART receipt no. 20231219800450