U.S. activist fund Elliott says will vote against Hyundai Motor Group's restructuring plan

Hyundai Glovis

10/05/2018 23:05

SEOUL, May 11 (Reuters) - U.S. activist fund Elliott
Management said late on Thursday that it will vote against
Hyundai Motor Group's restructuring plan, and urged shareholders
to vote against the plan. 
    South Korean conglomerate Hyundai Motor Group in March
unveiled reforms aimed at simplifying its complex ownership
structure, which will be put to a shareholder vote on May 29.
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 (Reporting by Joyce Lee;
Editing by Phil Berlowitz)
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