Hyundai Heavy Industries (HHI) is moving ahead with its restructuring after unveiling a plan to form a new holding company.
The new entity, potentially called Hyundai Robotics, will have 13.37% of HHI and other divisions that will be spun-off.
It will also own 91.1% of refiner Hyundai Oilbank, according to a filing.
April is the planned date for separating its businesses.
It said in November that six units will be formed: shipbuilding, offshore plant and vessel engines; electric and electronics; construction equipment; renewable energy; robotics; and services.
The
