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Hyundai buys back 250 bln won of treasury stocks

Industry 09:55 November 30, 2018

SEOUL, Nov. 30 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker by sales, said Friday it will buy back treasury shares worth over 250 billion won (US$223 million) to enhance shareholders' value.

Hyundai Motor will buy back 213.7 billion won worth of common stocks and 41 billion won worth of other stocks from Monday to Feb. 28, the company said in a regulatory filing.

As of 9:45 a.m., shares in Hyundai Motor were trading 3.5 percent higher at 103,000 won, outperforming the broader KOSPI's 0.16 percent gain.

Hyundai buys back 250 bln won of treasury stocks - 1

kyongae.choi@yna.co.kr
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