S.Korea Hyundai Wia plans March 2011 IPO

Newswire

SEOUL, Sept 29 (Reuters) - Hyundai Wia Corp, a unit of Hyundai Motor Group, said on Wednesday that it plans to make an initial public offering in March next year. The maker of car and machinery parts has picked Mirae Asset Securities as its lead manager. The size and value of the deal has not been decided yet. "We plan to use the IPO capital to open up overseas production units and invest in new growth engines," said the company official who declined to be named. Hyundai Motor Co is ...

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