1. Details of Company to be invested
- Name of Company :
Hyundai Motor Manufacturing Czech(Czech Republic)
- Relationship with company: To become an Affiliated Overseas Subsidiary after Investment
- Paid-in capital (KRW) : 847,020,000,000
- Business area : Automobile and auto parts manufacturing
2. Details of Acquisition :
- Acquisition amount (KRW)[A] : 847,020,000,000
- shareholders’ equity(KRW)[B] : 14,952,858,000,000
- A/B ratio : 5.66%
- Applicability as a large-scale corporation : Yes
3. Shareholding ratio after investment : 100%
4. Method of acquisition : cash acquisition
5. Purpose of acquisition : Expansion of sales and enhancement of brand image through local production in Europe
6. Date of Board Resolution : May 12, 2006
- Attendance of Outside Directors : 3 out of 3
- Attendance of auditors: Yes
7. Applicability of Report to Fair Trade Commission : No
8. Others:
- The “Paid-in Capital” above are based on the exchange rate for May 12, 2006 (KRW 1,140 / 1 Euro).
- The above contents may be subject to change depending on government approvals, authorization process, and market situations of the related countries. We are planning to invest in installments according to the construction schedule for the plant.
- The above details are a responsive disclosure to the request made by the Stock Exchange.
- Name of Disclosure Officer : Yoo No Hwang,Senior Vice President
* Date of Related Disclosure
(Korea Stock Exchange): September 28, 2005
September 30, 2006
March 31, 2006
- Contents of Investment in Other Corporation before the date of submission
Company name |
Relationship with company |
Major business |
Date of acquisition |
Amount of acquisition (KRW million) |
Shareholding ration after investment (%) |
Hyundai Motor Europe Technical Center GmbH |
Affiliated Overseas Subsidiary |
Testing related to Automobiles and development of new technology |
April 20, 2006 |
5,863 |
100.0 |
[ Financial Summary of Company to be Invested ]
(KRW million)As of FY 2005
Total Assets : 847,020
Total shareholder’s equity : 847,020
Paid-in Capital : 847,020
