Hyundai Motor says to continue communications with investors, including Elliott

Hyundai Glovis

23/04/2018 12:29

SEOUL, April 23 (Reuters) - Hyundai Motor Group  005380.KS 
said it would continue to communicate with shareholders and
investors, including Elliott Management, over its proposed
restructuring plan.
    "Hyundai Motor Group will continuously communicate with
shareholders and investors around the world, including Elliott
Management, to explain the underlying goal and needs of the
proposed restructuring plan," it said in a statement on Monday.
    U.S. activist hedge fund Elliott Management said earlier
Hyundai's restructuring plan to simplify its shareholding
structure was not enough and recommended it create a holding
company, among other measures.

 (Reporting by Ju-min Park; Editing by Nick Macfie)
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Messaging: ju-min.park.thomsonreuters.com@reuters.net))