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April 16, 2024

Hyundai Motor acquires MMT worth W70b

PUBLISHED : November 19, 2018 - 09:37

UPDATED : November 19, 2018 - 09:37

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[DISCLOSURE] Hyundai Motor (005380) announced on Nov. 16 that it has acquired money market trust worth 70 billion won (US$62.27 million) from an entity with special relationship Hyundai Motor Investment Securities to stabilize asset management and to improve profitability.

Maturity date is April 12, 2019.

By Hwang You-mee (glamazon@heraldcorp.com)

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