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Norway investor urges Hyundai to improve corporate governance

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A real estate purchase for three times the property's assessed value has sparked a rout in the Korean automaker's stock.

Seoul

SKAGEN Funds, the biggest holder of Hyundai Motor Co preferred shares, is pushing South Korea's largest carmaker to improve corporate governance after a real estate purchase for three times the property's assessed value sparked a rout in the stock.

The Norwegian fund firm met

sentifi.com

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