04
Jan
09:12
Regulator orders Hyundai share sale in attack on cross holdings
Korea’s Hyundai Motor has been told by regulators to adjust its shareholding in Hyundai Steel. The Fair Trade Commission gave Hyundai Motor and Kia Motors, also part of the Hyundai family, until the end of 2015 to sell a combined 6.6% of Hyundai Steel in a bid to reduce circular shareholding.
The move is part of a wider push to reduce the influence of Korea’s dominant family-controlled business and promote management reforms, Kallanish …
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Anonymous
Very good overview of the weekly steel market.
Anonymous