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Market Rumors: Hyundai, Sinopec, Wanda Cinema

By Chelsea Naso (January 12, 2015, 5:30 PM EST) -- In a move that could smooth succession in family-owned conglomerate Hyundai Motor Co., the company's chairman and vice chairman are looking to raise about $1.25 billion by selling shares of Hyundai Glovis, Reuters reported Monday, citing a person familiar with the matter. The proposed sale could help vice chairman and heir apparent Chung Eui-sun buy stakes in key units, including Hyundai Motor, Kia Motors Corp. and Hyundai Mobis Co. Ltd. without subjecting Hyundai Glovis to antitrust regulations governing interaffiliate transactions, the report said....

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