SUBSCRIBERS
Hyundai's cash deal for land raises dividend concerns
Published Thu, Oct 16, 2014 · 09:50 PM
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 to fund the purchase, the Seoul-based company said on behalf of the consortium. The carmaker will build its new…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
DBS puts 46 retail units, HDB shops on market for S$210 million
US mortgage rates jump above 7% for the first time this year
Far East Shopping Centre back on market at unchanged S$928 million asking price
London mansions sold at 30% discount spell gloom for luxury market
Delfi Orchard up for collective sale at S$438 million guide price
US existing home sales drop in March; median price increases