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Hyundai, Kia Unveil Share Buybacks After Anger Over Property Purchase

2014-11-12 02:08:55| Automakers - Topix.net

Hyundai Motor Co and affiliate Kia Motors unveiled share buybacks worth a combined 670 billion won , 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.

Tags: share property purchase hyundai

Category:Automotive

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