Hyundai Mobis Decides to Acquire Treasury Shares Worth 311.2 Billion KRW

[Asia Economy Reporter Oh Su-yeon] Hyundai Mobis announced on the 8th that it has decided to acquire treasury shares worth 311.25 billion KRW through on-market purchases. This amounts to approximately 1.5 million common shares.

The purpose of the acquisition is part of the shareholder return policy announced in February, aimed at enhancing shareholder value through stock price stabilization. The expected acquisition period is from the 9th of this month until March 7th of next year.

The expected holding period is at least six months from the final acquisition date.