Hyundai Automotive Group's Chung Mong-koo holding’s value continue to soar
The total value of shares held by Hyundai Automotive Group chairman Chung Mong-koo have soared in the past two months, significantly reducing the gap with Samsung Group chairman Lee Kun-hee, the Korea Stock Exchange (KSE) said on September 30, 2004.
Chairman Chung’s stakes in four listed affiliates of the group were valued at $1 billion as of last week. Chung owns 7.93 percent in Hyundai Mobis, 5.2 percent in Hyundai Motor, 10.8 percent in INI Steel and 10 percent in Hyundai Hysco.
``The rise in stock prices of Hyundai Automotive Group affiliates pushed the value of Chung’s shareholdings,” a KSE official said.
Shares of Hyundai Motor have jumped 25 percent since August, setting a historic high on Sept. 20. Hyundai Mobis has also climbed more than 22 percent in the two months while INI Steel has also advanced.
Chairman Chung’s stakes in four listed affiliates of the group were valued at $1 billion as of last week. Chung owns 7.93 percent in Hyundai Mobis, 5.2 percent in Hyundai Motor, 10.8 percent in INI Steel and 10 percent in Hyundai Hysco.
``The rise in stock prices of Hyundai Automotive Group affiliates pushed the value of Chung’s shareholdings,” a KSE official said.
Shares of Hyundai Motor have jumped 25 percent since August, setting a historic high on Sept. 20. Hyundai Mobis has also climbed more than 22 percent in the two months while INI Steel has also advanced.
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