Hyundai Mobis : says to cancel $225 million treasury shares in late April

SEOUL (Reuters) - South Korea's Hyundai Mobis said on Friday it would cancel treasury shares worth 261 billion won ($225 million) in late April.

The company will also buy back one third of 1 trillion won worth of its shares within the second half of this year, some of which it will also be cancelled, it said in a regulatory filing.

The move is part of a shareholders return plan that the auto parts arm of Hyundai Motor Group unveiled earlier this year, a company official said.

($1 = 1,160.0900 won)

(Reporting by Ju-min Park and Hayoung Choi; editing by Gopakumar Warrier)