February 26, 2019 / 7:13 AM / 8 months ago

Hyundai Mobis unveils shareholder return plan worth $2.3 bln

SEOUL, Feb 26 (Reuters) - Hyundai Mobis Co Ltd, an auto parts affiliate of Hyundai Motor Co, on Tuesday unveiled a plan to offer shareholder returns worth 2.6 trillion won ($2.32 billion) over the next three years.

The plan includes dividends worth 1.1 trillion won, a buyback of stocks worth 1 trillion won and a cancellation of 460 billion won worth of shares.

The parts supplier also said it will appoint Opel former Chief Executive Karl-Thomas Neumann as an outside board director. ($1 = 1,118.6300 won) (Reporting by Hyunjoo Jin; Editing by Christopher Cushing)

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