(MENAFN) South Korea's Hyundai Group intends to sell its USD3.11 billion-worth financial units, and study plans to ease concerns over affiliates' high level of debt, according to Daily News.
The group will also offer Hyundai Securities Company Limited for sale.
Net losses of Hyundai Merchant Marine Company Limited reached USD325.67 million in nine months to the end of September this year.
Also yearly revenues in 2011 and 2012 were affected by the global shipping industry.
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