May 18, 2017 / 9:21 AM / 4 months ago

Hyundai Motor denies media report on holding company structure

The logo of Hyundai Motor is seen at its dealership in Seoul, South Korea, April 26, 2017. REUTERS/Kim Hong-Ji

SEOUL (Reuters) - Hyundai Motor Co on Friday denied a media report that it is seeking to introduce a holding company structure.

Maeil Business Newspaper said on Thursday that Hyundai Motor and other affiliates will hold board meetings next week to discuss the plan on the holding company structure, citing investment banking sources.

The report is “not true,” the automaker said in a regulatory filing.

Reporting by Hyunjoo Jin; Editing by Stephen Coates

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