Hyundai Motor heir apparent buys $15 billion shares in automaker, parts affiliate

© Reuters. Euisun Chung of Hyundai attends the 2017 New York International Auto Show in New York

SEOUL (Reuters) – Hyundai Motor Group’s heir apparent Euisun Chung bought shares in automaker Hyundai Motor (KS:) and parts affiliate Hyundai Mobis (KS:) for a combined 19 billion won (12.82 million pounds), according to stock exchange filings.

Chung bought 139,000 shares in Hyundai Motor for 68,435 won each, raising his stake to 1.86% from 1.81%.

He acquired 72,552 Hyundai Mobis shares for 130,789 won each, picking up a 0.08% stake.

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