Elliott Discloses Letter to Shareholders of Hyundai Motor Company

Elliott Discloses Letter to Shareholders of Hyundai Motor Company

Elliott Discloses Letter to Shareholders of Hyundai Motor Company

Elliott Advisors (HK) Limited, which advises various Elliott-affiliated funds (together “Elliott”), today publicly issued a letter to all shareholders of Hyundai Motor Company (“HMC” or the “Company” 005380:KS). In the letter, Elliott detailed the case for the shareholder resolutions that it has put forward for consideration at the Company’s Annual General Meeting on March 22, 2019. These resolutions are designed to both transform governance and right-size the Company’s over-c...