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

Thursday, September 24, 2015 - 18:16
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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