Hyundai Motor Group denies report on holding company plan

Last Updated: Thu, May 18, 2017 15:16 hrs
The logo of Hyundai Motor is seen at its dealership in Seoul

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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