Hyundai Mobis , the auto parts making arm of Hyundai Group at the center of the group ’ s restructuring plan , has canceled its upcoming general meeting , the company said Monday . Hyundai Mobis ’ board of directors called off the meeting initially set for May 29 , when the group ’ s spinoff merger plan would have been put to a vote . Starting with Elliott Management , which has been pressuring Hyundai to take the form of a holding company , there has been opposition from major proxy firms in and out of the country including Glass Lewis , Institutional Shareholder Services , and Korea Corporate Governance Service , which has intensified pressure on Hyundai to convince as many investors as possible before next week . By Kim Bo - gyung ( lisakim 425 @ heraldcorp . com ) [ 코리아 헤럴드 ] [ K - POP HERALD ] [ 페이스북 ] <ⓒ KoreaHerald ( www . koreaherald . com ) 무단 전재 및 재 배포 금지 >