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Inverstors News

Addition of an Affiliated Company

2005.11.21 No. 392
(1) Name of Company : Glovis Australia PTY Limited
(2) Representative : Keith Montague Lush
(3) Total Assets : KRW 91,141,200
(4) Total Liabilities : -
(5) Total Shareholder’s Equity : KRW 91,141,200
(6) Paid-in capital : KRW 91,141,200
(7) Business Areas : Logistic business (VPC Service and Port Processing etc.)
2. Name of Company Group : Hyundai Motor Group
3. Reason for Addition :
Addition through the establishment of an overseas subsidiary (Australia)by Glovis, which is an affiliate of Hyundai Motor Company.
4. Shareholding of Major Shareholders and Others
after Addition : 100.00%
5.Number of Affiliated Companies after addition :
- 141 companies
6. Date of Addition : November 21, 2005
7. Others :
- The financial amounts above are based on the exchange rates for November 21, 2005(KRW 759.51 / 1 AUD).
- 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 are subject to change depending on government approvals, authorization process and market conditions of the related countries (both Australia and Korea).
* Equal announcement obligation for affiliated company
1.Stock Market
Kia Motors Corporation, Hyundai Mobis, INI Steel Company, KASCO, Hyundai Hysco, BNG Steel, Hyundai Autonet
2.KOSDAQ Market
Eco Plastic Corpora
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