KRX:086280

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Hyundai Glovis to Invest KRW599 Billion in HMG Future Complex

The Board of Hyundai Glovis (KRX:086280) approved an investment of 598.5 billion won in HMG Future Complex, which is scheduled to be included in its parent Hyundai Motor Group, according to a Wednesday filing with the Korea Exchange.The investment will be made via the acquisition of 598,500 common shares to secure operational facilities and new research bases.The HMG Future Complex was established on May 22.Shares of Hyundai Glovis fell nearly 2% in recent trade.

KRX:086280

Asia55d ago

Hyundai Glovis' Net Attributable Income Declines in Q1

Hyundai Glovis (KRX:086280) posted first-quarter net income attributable to shareholders of 340.3 billion won, down 15% from 397.9 billion won a year earlier, according to a Thursday filing with the Korea Exchange.Sales rose 8.2% year over year to 7.813 trillion won from 7.223 trillion won.Shares of the South Korean logistics company fell more than 2% at market close.

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