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Article: BRIEFING - ASIA AUTOMOTIVE - FEB 19, 2008.
- Article from:
- AsiaPulse News
- Article date:
- February 19, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on the automotive industry for Feb 19, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
HYUNDAI MOTOR DENIES INTENT TO INCREASE SHINHEUNG STAKE
SEOUL - Hyundai Motor Co. (KSE:005380), South Korea's largest carmaker, on Tuesday denied media reports that it plans to buy an increased stake in Shinheung Securities Co. KSE:005380), a second-tier brokerage in which the automaker recently bought a controlling stake.
The reports are "groundless," Hyundai Motor said in a regulatory filing.
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