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Hyundai Motor Group IT units merger faces bumpy road Posted : 2021-01-01 16:54 By Nam Hyun-woo The proposed merger between Hyundai Motor Group s three automotive software affiliates is facing a bumpy road ahead as minor shareholders raised opposition to the stock swap ratio for the merger. According to 38 Communication, an unlisted stock trading portal here, a number of Hyundai MnSOFT shareholders posted statements reflecting their opposition to the proposed three-way merger between Hyundai AutoEver, Hyundai Autron and MnSOFT. They also posted similar statements on Cheong Wa Dae s public petition website which 356 people have signed as of Friday. On Dec. 11, AutoEver announced it will merge the two affiliates, as part of Hyundai Motor Group s bid to improve its readiness in the advanced mobility market by integrating the software businesses. If the merger proposal is approved at a shareholders meeting on Feb. 25, AutoEver s presence in the group will grow significantly, as

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