Hyundai Motor buys back $422 million of shares
SEOUL (Reuters) - South Korean carmaker Hyundai Motor Co said on Friday it bought back 460 billion won ($422.4 million) worth of its own shares as part of its efforts to enhance shareholder value.
Hyundai said in a regulatory filing that it acquired both common and preferred shares between Nov. 12 and Feb. 3, based on the buyback plan the company announced in November. ($1 = 1,089.0600 won)
(Reporting by Se Young Lee; Editing by Anand Basu)
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