Hyundai Motor, affiliates gain on report of co's restructuring plan

Hyundai Glovis

27/05/2019 07:15

** South Korea's largest carmaker Hyundai Motor Co
 005380.KS  and affiliate Hyundai Mobis Co Ltd  012330.KS ,
logistics arm Hyundai Glovis Co Ltd  086280.KS  rise after a
local news media reported that Hyundai Motor Group's
restructuring plan is soon to release
    ** Shares of Hyunda Motor and Hyundai Mobis rise more than
3%, and Hyundai Glovis gain as much as 6.8%
    ** Local news media, Chosun Ilbo, reported the group's
restructuring plan will be released as early as this week
    ** A Hyundai Motor spokeswoman did not have immediate
comments
    ** The broader KOSPI market  .KS11  was trading down 0.06% 

 ((Yuna.Park@thomsonreuters.com; +822 3704 5565; Reuters
Messaging: yuna.park.thomsonreuters.com@reuters.net))