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The headline definitely downplays Hyundai’s involvement: > The deal will involve Hyundai and its affiliates, including Hyundai Motor Co., Hyundai Mobis Co., an
by elliekelly 5y ago
The headline definitely downplays Hyundai’s involvement:
> The deal will involve Hyundai and its affiliates, including Hyundai Motor Co., Hyundai Mobis Co., and Hyundai Glovis Co.
> Hyundai Motor, Hyundai Mobis, Hyundai Glovis, and Hyundai Motor Group Chairman Chung Euisun will have 30%, 20%, 10%, and 20% share respectively.
It’s been a while since I’ve had to think about consolidated financial reporting for subsidiaries and — if anyone happens to know — I’d be curious to understand how (or whether) these ownership tranches will make it onto Hyundai Parent Co’s financial statements?