© Reuters. Hyundai Mobis unveils shareholder return plan worth $2.3 billion

SEOUL (Reuters) – Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday unveiled a plan to offer shareholder returns worth 2.6 trillion won ($2.32 billion) over the next three years.

The plan includes dividends worth 1.1 trillion won, a buyback of stocks worth 1 trillion won and a cancellation of 460 billion won worth of shares.

The parts supplier also said it will appoint Opel former Chief Executive Karl-Thomas Neumann as an outside board director.

($1 = 1,118.6300 won)

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2019-02-25