Hyundai Motor Group denies report on holding company plan

Hyundai Motor denied a media report that it plans to decide next week whether to introduce a holding company structure.

Published: 18th May 2017 02:51 PM  |   Last Updated: 18th May 2017 02:51 PM   |  A+A-

The logo of Hyundai Motor is seen at its dealership in Seoul, South Korea, 2017. REUTERS

By Reuters

SINGAPORE:  Hyundai Motor denied a media report that it plans to decide next week whether to introduce a holding company structure.

Maeil Business Newspaper said on Thursday that Hyundai Motor and other affiliates will hold board meetings next week to discuss the plan, citing investment banking sources.

"The report is groundless," a Hyundai spokesperson said.

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