Font Size
Inverstors News

Guarantee of Debt Payment for Major shareholder

2004.11.05 No. 270
1. Name of debtor(major shareholder): HMA (Hyundai Motor America)
    - Relationship with company : Overseas Subsidiary

2. Details of guaranteed debt :
    - Name of creditor : DBS Bank
    - Contents of principal debts : Revolving Credit line
    - Period of guarantee : November 19, 2004 ~ November 18, 2005
    - Amount of guarantee concerned : KRW 111,460,000,000
    - Accumulated balance of debt payment guarantee for HMA concerned for CY 2004 : KRW 222,920,000,000
    - Equity Capital : KRW 12,497,925,000,000
3. Date of Board Resolution : November 05, 2004
    - Attendance of Outside Directors : 3 out of 4
    - Attendance of Auditors(who are not Outside Directors): No
    * Hyundai Motor Company’s audit committee members are all ouside directors (3 out of 3 were present)
4. Others:
    - The amounts in #2 above are based on the exchange rates for November 5, 2004 (KRW 1,114.6 / 1 USD).
    - The‘Amount of guarantee concerned’ in #2 above is USD
    100,000,000, and this year’s guarantee includes various other expenses related to the debt.
    - The above contents are subject to change depending on
government approvals and the changes in the market situation of the related countries.

Quick Menu
Page sharing
notice close