Hyundai Global

HMM May Hire Foreign CEO for Revival

Shipbuilding & Marine Engineering, as its selections parachuted into the shipbuilder failed to contain the company's debacle. HMM’s current controlling shareholder Hyundai Group will see its 22.64 percent stake, held jointly by group chairwoman Hyun Jeong-eun, Hyundai Elevator and Hyundai Global, reduced to 3.64 percent in a 7-to-1 capital reduction approved by shareholders Friday.

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