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Chung Eui-sun Purchases 28 Bil. Won Worth of Treasury Stocks for 2 Days
A Show of Commitment to Responsible Management
Chung Eui-sun Purchases 28 Bil. Won Worth of Treasury Stocks for 2 Days
  • By Michael Herh
  • March 25, 2020, 11:40
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Chung Eui-sun, senior vice chairman of Hyundai Motor Group

Chung Eui-sun, senior vice chairman of Hyundai Motor Group, purchased Hyundai Motor and Hyundai Mobis shares worth 28 billion won for two days from March 23.

Hyundai Motor Group announced on March 24 that Chung purchased 65,464 shares of Hyundai Motor Co. and 33,826 shares of Hyundai Mobis on the day. The stock prices were 68,567 won for Hyundai Motor and 132,825 won for Hyundai Mobis. Chung invested 4,488.67 million won in Hyundai Motor and 4,492.93 million won in Hyundai Mobis.

On March 23, Chung bought 139,000 Hyundai Motor shares and 72,552 Hyundai Mobis shares. The second-day stock acquisition boosted his stakes in Hyundai Motor and Hyundai Mobis to 1.88 percent and 0.11 percent, respectively.

"The stock purchases reflect Chung’s strong will to lead the group with a sense of responsibility despite unstable situations in the financial and stock markets,” a Hyundai Motor Group official said. “Chung’s stock acquisition will increase future corporate value and shareholder value."