Elliott Welcomes Hyundai’s Acknowledgment of Needed Reforms Highlights Need for More Serious Action
Announces significant stake in Hyundai Mobis, Hyundai Motor, and Kia Motors
Seeks stronger commitment to governance improvements and enhanced capital returns
While this step is encouraging, more needs to be done to benefit the companies and stakeholders. Elliott calls on management to share a more detailed roadmap as to how it will improve corporate governance, optimize balance sheets, and enhance capital returns at each of the companies. Elliott looks forward to engaging with management and other stakeholders directly on these issues, and to offering recommendations regarding the proposed plan.
About Elliott
Elliott Management Corporation manages two multi-strategy funds which combined have approximately $35 billion of assets under management. Its flagship fund, Elliott Associates, L.P., was founded in 1977, making it one of the oldest funds of its kind under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, and employees of the firm. Elliott Advisors (HK) Limited is an affiliate of Elliott Management Corporation. With a strong understanding of the Korean market and corporate structures, Elliott has a history of successfully enhancing shareholder value in Korea.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180403006225/en/
Website: http://www.elliott-turbo.com
Contact
New York
Elliott Management Corporation
Michael O’Looney
+1-212-478-2687
mOlooney@elliottmgmt.com
Seoul
KorCom
Kyle Kim
+82-2-6925-1507
kihoon@korcom.com
This news is a press release provided by Elliott Management Corporation.
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2019년 3월 4일 16:25