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Major Hyundai investor to vote against some directors over property deal-source
2015-03-11 14:48:53| Automakers - Topix.net
The second-largest shareholder in Hyundai Motor Co and its two affiliates will vote against the reappointment of some board members who last year approved buying a Seoul property for $10 billion or three times its appraised value, a person with direct knowledge of the matter said on Wednesday. Opposition by the National Pension Service is unlikely to change the structure of the boards at Hyundai and affiliates Kia Motor and Hyundai Mobis because the government-run fund holds less than 10 percent in each company, the source said.
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Category:Automotive