On 16 September, Hyundai Dept Store and Hyundai Greenfood announced that they will complete equity spin-offs to create holding companies structures.
Boomeranged on Sun, 9 Jul 2023 16:11
Last week, Hyundai Dept Store Group announced that it will establish a single holding company structure with Hyundai G.F. Holdings controlling all of the group affiliates. Hyundai G.F. Holdings plans to buy shares of Hyundai Green Food and Hyundai Dept Store through tender offers and issue new shares through investment-in-kind. This past insight provides Hyundai Dept Store's restructuring in 2022.
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