Hyundai Motor Co and affiliate Kia Motors unveiled share buybacks worth a combined 670 billion won ($615 million), in an apparent bid to appease investors angered by the sky-high price paid for property to house new headquarters. Although buyback plans aimed at rewarding employees are common, schemes aimed at enhancing shareholder value are rare for South Korean automakers.
Published in TZ Latest News 10 November, 2014 by The TZ Newswire Staff
Hyundai, Kia unveil share buybacks after anger over property purchase
Published in TZ Latest News 10 November, 2014 by The TZ Newswire Staff
Hyundai, Kia unveil share buybacks after anger over property purchase
Hyundai Motor Co and affiliate Kia Motors unveiled share buybacks worth a combined 670 billion won ($615 million), in an apparent bid to appease investors angered by the sky-high price paid for property to house new headquarters. Although buyback plans aimed at rewarding employees are common, schemes aimed at enhancing shareholder value are rare for South Korean automakers.