[Conference Call] HD Hyundai: "Treasury Shares to Be Handled with Priority on Shareholder Value... No Plans to Expand Dividends"
At a conference call announcing the company’s results for the second quarter on July 31, HD Hyundai stated, “Due to the implementation of the third amendment to the Commercial Act, which includes the mandatory cancellation of treasury shares, we are now required to cancel the treasury shares we hold within a certain period.” The company added, “We will handle this with the highest priority placed on enhancing shareholder value, but no concrete plans have been finalized yet.”
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The company went on to say, “We disclosed the dividend for the second quarter and are maintaining a stable dividend policy in line with our value enhancement plan. While our performance improved in the first half of the year, there remains uncertainty for the second half, so there are currently no specific plans to expand special dividends or year-end dividends.”
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