You are here

Hyundai Motor heir apparent to buy US$420m worth of company shares

Thursday, September 24, 2015 - 18:16

2491535533168 - 23_07_2015 - SKOREA-AUTO-EARNINGS-BUSINESS-HYUNDAI.jpg
Hyundai Motor Vice Chairman Chung Eui-sun, founding family member and heir apparent at the automaker, plans to buy 3.16 million shares in the company from Hyundai Heavy - a holding worth some 500 billion won (US$420 million), a filing said.

[SEOUL] Hyundai Motor Vice Chairman Chung Eui-sun, founding family member and heir apparent at the automaker, plans to buy 3.16 million shares in the company from Hyundai Heavy - a holding worth some 500 billion won (US$420 million), a filing said.

Hyundai Heavy Industries Co Ltd said in a separate filing it planned to sell 500 billion won worth of shares in the automaker.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom