[Korea financial newspaper stand hyomun News] April Hyundai Group companies to the new system, starting with 1 June. At the same time Chairman Mong-based growth led by Dodge in the business to new challenges according to the decisions gwichu core business is focused on the diversion to accomplish the global leader in the recovery phase.
Shipbuilding plummet landscaping modern robotics, modern construction machinery, electric & modern energy systems, including Hyundai Heavy Industries, which is engaged in the business of robotics each one leap toward a new vision.
◇ modern robotics robot holding company New Business +
Hyundai Heavy Industries has launched a constitutional crisis since the second half of last improvements for 2015. Sieving improvement is focused on strengthening the competitiveness for the long-term growth rather than a one-time treatment. 1 days next month divestitures carried out last step is the improvement of the same constitution.
Positive effects can be expected over the division kkopeul to improve governance, strengthen financial soundness, strengthening accountability. Whilst Hyundai Heavy Industries was a problem that dominated for the shipbuilding business. It seems to be the same management inefficiencies in this division removed.
Recordings of this work, Hyundai Heavy Industries said "whilst Hyundai Heavy Industries Group Electrical and Electronic, Construction Equipment, despite the robot such projects exist and shrouded in the shipbuilding industry has gotta recognize like to shipbuilders" and "Doosan, in electrical and electronic, construction machinery parts, such as Hyosung the split is said to be helpful "to win in the competition.
Due to the division of Hyundai Heavy Industries Group, it is expected to switch to a holding company. The holding company is likely to be a modern robotics. Modern robotics is engaged in the business of investing, such as a robot. Depending on the Fair Trade Act must meet the requirements of modern robotics owned subsidiary shares (listed by 20%, 40% private).
Treasury shares 13.37% of the current Hyundai Heavy Industries are both attributable to modern robotics. As a result, modern robotics is to hold the HHI, and electric energy, 13.37% stake in three companies in the construction machinery. If in the future to secure additional 6.63% stake in three subsidiaries modern robotics is to equip the holding company requirements.
◇ industry's "positive view on the split"
Hyundai Heavy Industries president recordings of this work has highlighted the positive changes will be made to the divestiture of the Hyundai group. River said "competitors came alive HHI even though ahead equipped with new technologies and superior price competitiveness as the like world it because there was a long time in the wells of" Hyundai Heavy 'up, "said" HHI through the divestiture is debt can improve the financial structure to lower the ratio to 100% or less dramatically, "he said.
The securities industry is looking at a division of Hyundai Heavy Industries positive. HSBC is "naedinge was the first step to a holding company structure through a corporate split" and "laid the foundation for competitiveness in non-marine business were also lower the debt ratio is likely," he said. Following "The Ownership of the existing shareholders Needless change shareholder voting rights of that is due to change of ownership of treasury shares will hold shares of the new company to be established by that proportion is likely to be diluted," he said despite the "equity dilution This divestiture is will be shown a more transparent corporate governance is also expected to increase the cash value, "he added.
Global financial firm CLSA has forecast that "seems to be the HHI is also likely to improve the stake value as a means of strengthening the modern family to rise, and the shipbuilding business structure through a corporate split." Yujaehun NH Investment and Securities Research Institute "HHI has caused the failure whilst diversification, the management crisis management independent members," said haeda assessment that "this divestiture through the last button is for management to overcome the crisis."
◇ Hyundai Oil Bank, the largest shareholder changes do not affect
Hyundai Oil Bank, which due to the divestiture responsible for the return of Hyundai Heavy Industries is also the largest shareholder changes. In addition to the modern robotics to switch to a holding company is the largest shareholder of Hyundai Oil Bank. Hyundai Oil Bank shares will be 91.13% in the previous Hyundai Heavy Industries for granted in modern robotics. This will be a two trillion won debt burden with a modern robotics.
Whilst Hyundai Oil Bank, while the burden of management difficulties of Hyundai Heavy Industries, the largest shareholder group cash cow has a role. It posted a record high revenues that is yours and vice versa has huge debts of Hyundai Heavy Industries also. In fact, Hyundai Oil Bank has recorded the best ever result by recording an operating profit of 965.7 billion won last year, it is also expected to raise as much as last year's profits did.
Songminjun Korea Investors Service Institute, "the largest shareholder changes of Hyundai Oil Bank has already influenced yieotgie one which was expected unlikely" and "seems to be the modern robotics, the robot project in which we still large, the ordinary burden of Hyundai Oil Bank on a small scale , which is the largest shareholder of Hyundai Heavy Industries, which was different from childhood, "he said.
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