Hyundai M.gds O Regulatory News (HYUO)

27 Jan 2006 08:41

Hyundai Motor Company27 January 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : January 26, 2006 Disclosure title : Other Matters to be Disclosed Decision for overseas direct investment in China We have decided on an overseas direct investment for China in order to increasesales volume by strengthening auto marketing in China auto market as listedbelow : I. Details of Overseas Direct Investment 1. Details on Company - Company name : Hyundai Motor financial company (tentative) - Contents of business : Auto financing - Expected location : China 2. Contents of expected investment : - Expected investment amount : approximately KRW 23,800,000,000 (RMB 1,900,000,000; KRW 125.52/1 RMB) - Expected investment date : August 2006 - Purpose of investment : To increase sales volume by strengthening auto marketing in the China auto market 3. Date of Board Resolution : January 26, 2006 II. Others - The above "details of overseas direct investment" is a approvalprecondition of the local China government authorities, and the "contentsof expected investment" may be subject to change depending on the progress ofestablishment and a related law etc. - This board resolution is for the purpose of submitting business preparationratification to the local China government authorities. Name of Disclosure Officer : Yoo No Hwang, Senior vice president, Head of Financial Management Division This information is provided by RNS The company news service from the London Stock Exchange