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Inverstors News

Addition of an Affiliated Company

2005.07.29 No. 355
1. Affiliated Company
(1) Name of Company : Jiang Su Yong Chang Glovis Logistics Co. Ltd.
(2) Representative : Chao Dong
(3) Total Assets : KRW 1,028,300,000
(4) Total Liabilities : -
(5) Total Shareholder ’s Equity : KRW 1,028,300,000
(6) Paid-in capital : KRW 1,028,300,000
(7) Business Areas : Merchant Shipping business for import-export freight and international transportation agency
2.Name of Company Group : Hyundai Motor Group
3.Reason for Addition :
Addition of an affiliated company through the establishment of an overseas subsidiary joint venture by GLOVIS, which is an affiliate of Hyundai Motor Company.
4.Shareholding of Major Shareholders and Others
after Addition : 51.0%
5.Number of Affiliated Companies after addition :
- 126 companies
6.Date of Addition : July 29, 2005
7.Others :
- The financial amounts above are based on the exchange rates for July 29, 2005 (KRW 1,028.30 / 1 USD).
- The expected amount of investment for GLOVIS is USD 510,000.
- The number of affiliated companies in #5 above include both domestic and overseas affiliates (including subsidiaries of the affiliates).
- The decision date in #6 is the acceptance date of the
Official document for the establishment of an overseas subsidiary joint venture.
- The above contents may be subject to change depending on government approvals and authorization process, etc. of the related countries(both China and Korea).
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