Mexican Media Brands
Published
Korean Shipbuilder Sell Stake in Hyundai Motor
South Korea's Hyundai Heavy Industries Co. has reduced its stake in Hyundai Motor Co. to 2% from 3.5% previously.
Share
South Korea's Hyundai Heavy Industries Co. has reduced its stake in Hyundai Motor Co. to 2% from 3.5% previously.
The shipbuilder tells securities regulators it sold 3.2 million shares for a total of 705 billion won ($620 million). Hyundai Heavy says it is raising cash to improve its financial health.