HDC Chairman Chung Mong-gyu's Investment Firm Purchases 305,146 HDC Shares Over 3 Trading Days

On the 19th, officials from the Ministry of Employment and Labor and the police conducted a search and seizure at the headquarters of HDC Hyundai Development Company in Yongsan-gu, Seoul, in connection with the collapse accident at Hwajeong I-Park in Seo-gu, Gwangju. Scene from the day. / Photo by Moon Honam munonam@

[Asia Economy Reporter Jang Hyowon] MNQ Investment Partners, wholly owned by Chairman Chung Mong-gyu, purchased 305,146 HDC common shares on the open market over three trading days from the 27th of last month to the 3rd.

Starting with the purchase of 329,008 HDC common shares on the open market from the 13th to the 17th of the same month, shortly after the Gwangju Hwajeong I-Park exterior collapse accident on the 11th, MNQ Investment Partners has been continuously acquiring HDC shares to enhance shareholder value.

HDC stated, "We will continue to make efforts to restore the company's trust going forward."