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Inverstors News

Addition of an Affiliated Company

2005.08.02 No. 364
1.Affiliated Company
(1) Name of Company : Beijing Glovis Warehousing Transportation Company Limited
(2) Representative : Lee Ju Eun
(3) Total Assets : KRW 1,334,710,000
(4) Total Liabilities : -
(5) Total Shareholder’s Equity : KRW 1,334,710,000
(6) Paid-in capital : KRW 1,334,710,000
(7) Business Areas : Freight transportation and distribution business
2.Name of Company Group : Hyundai Motor Group
3.Reason for Addition :
Addition through the establishment of an overseas subsidiary by GLOVIS, which is an affiliate of Hyundai Motor Company.
4.Shareholding of Major Shareholders and Others
after Addition : 100.0%
5.Number of Affiliated Companies after addition :
- 130 companies
6.Date of Addition : August 02, 2005
7.Others :
- The financial amounts above are based on the exchange rates for August 02, 2005 (KRW 1,026.70 / 1 USD).
- The expected amount of investment for GLOVIS is USD 1,300,000.
- 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.
- 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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