Elliott Management had called for a special dividend and a board shake-up at Hyundai Motor Group, South Korea's No.2 family-run conglomerate, to address its "poor governance" and "excess cash".
(Reporting by Hyunjoo Jin; Editing by Stephen Coates)
End-of-day quote
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5-day change | 1st Jan Change | ||
245,000 KRW | +4.26% | +1.45% | +20.39% |
08:55am | South Korean Shares Fall Despite Overnight Gains on Wall Street | MT |
08:10am | Hyundai Glovis Diversifies Shipping Portfolio Beyond Transport of Hyundai, Kia Vehicles | MT |
SEOUL (Reuters) - Hyundai Mobis shareholders voted on Friday against Elliott Management's proposal for dividend payouts.
Elliott Management had called for a special dividend and a board shake-up at Hyundai Motor Group, South Korea's No.2 family-run conglomerate, to address its "poor governance" and "excess cash".
(Reporting by Hyunjoo Jin; Editing by Stephen Coates)
1st Jan change | Capi. | |
---|---|---|
+20.39% | 38.61B | |
+35.53% | 306B | |
+17.95% | 81.69B | |
+8.01% | 70.53B | |
+5.53% | 70.94B | |
+20.36% | 55.26B | |
+20.30% | 49.88B | |
+5.66% | 51.42B | |
+26.37% | 42.74B | |
+19.27% | 27.92B |