Business
Hyundai Motor to buy back $716 million worth of shares
Global Banking & Finance Review®
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SEOUL (Reuters) – Hyundai Motor will buy back 1 trillion won ($715.79 million) worth of shares starting on Thursday over three months, the company said in a regulatory filing on Wednesday.
SEOUL (Reuters) – Hyundai Motor will buy back 1 trillion won ($715.79 million) worth of shares starting on Thursday over three months, the company said in a regulatory filing on Wednesday.
($1 = 1,397.0500 won)
(Reporting by Jack Kim; Editing by Muralikumar Anantharaman)
A share buyback occurs when a company purchases its own shares from the marketplace, reducing the number of outstanding shares. This can increase the value of remaining shares and is often used to return capital to shareholders.
Equity represents ownership in a company, typically in the form of shares. Shareholders have a claim on the company's assets and earnings, and equity can increase in value as the company grows.
Corporate bonds are debt securities issued by companies to raise capital. Investors who purchase these bonds are essentially lending money to the company in exchange for periodic interest payments and the return of the bond's face value at maturity.
Market capitalisation is the total market value of a company's outstanding shares, calculated by multiplying the share price by the total number of shares. It is used to assess a company's size and investment potential.
The financial community encompasses a network of individuals and institutions involved in the management, investment, and regulation of financial assets and markets, including banks, investors, and regulatory bodies.
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