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Hyundai's cash deal for land raises dividend concerns

Friday, October 17, 2014 - 05:50

Seoul

HYUNDAI Motor Co and its two affiliates will use cash to fund their 10.6 trillion won (S$12.7 billion) purchase for a land site in Seoul, raising concern that the companies will reduce shareholder payouts.

Hyundai Motor, Hyundai Mobis Co and Kia Motors Corp won't issue debt