Hyundai Glovis says Hyundai Motor Group owner family members sell $510 mln stake

Hyundai Glovis

05/01/2022 09:34

SEOUL, Jan 5 (Reuters) - South Korea's Hyundai Glovis Co Ltd
 086280.KS  said on Wednesday a company called Project Guardian
Holdings Limited took a stake worth about 611 billion won ($510
million) in the logistics company. 
    The shares in the Hyundai Motor  086280.KS  affiliate were
sold by Hyundai Motor Group Chairman Euisun Chung and Honorary
Chairman Mong-Koo Chung, Hyundai Glovis said in a regulatory
filing. 
    ($1 = 1,198.1300 won)

 (Reporting by Joyce Lee & Heekyong Yang; editing by Jason
Neely)
 ((joyce.lee@tr.com;))