Affinity sells 24% stake in Hyundai Card to Fubon and Hyundai Commercial
[Asia Economy Reporter Kwangho Lee] Affinity has transferred 24% of Hyundai Card shares to Hyundai Commercial and the Taiwanese financial company Fubon.
Hyundai Commercial additionally invested 86,857 million KRW to acquire 6,418,611 common shares of Hyundai Card from five companies including Consumer Preferred Choice Limited, according to a disclosure on the 17th.
All five counterparties are special purpose companies controlled by Affinity.
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The common shares acquired by Hyundai Commercial correspond to 4% of Hyundai Card's shares.
This content was produced with the assistance of AI translation services.
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