S.Korea Hyundai Wia receives approval for IPO


SEOUL, Dec 23 (Reuters) - Hyundai Wia Corp, a unit of Hyundai Motor Group, has received formal approval for its initial public offering, the Korea Exchange (KRX) said on Thursday. The maker of car and machinery parts is expected to list its 25.7 million shares on the Korean stock market during next February, KRX added in a statement. However, share prices were not decided. Mirae Asset Securities and Shinhan Investment Corporation are lead managers for Hyundai Wia. Hyundai Motor Co is ...

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