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Hyundai Motor acquires W50b fund from HMC Investment Securities
By 윤정현Published : Aug. 22, 2016 - 15:35
[DISCLOSURE] Hyundai Motor (005380) announced on Aug. 22 that it has acquired a money market fund worth 50 billion won (US$44.4 million) from HMC Investment Securities (001500) to stabilize its fund operations and improve profitability.
The maturity date is June 12, 2017 and the total amount of purchased money market funds is 130 billion won.
By Yun Jeong-hyeon (clareyun@heraldcorp.com)
The maturity date is June 12, 2017 and the total amount of purchased money market funds is 130 billion won.
By Yun Jeong-hyeon (clareyun@heraldcorp.com)
