Friday, January 22, 2010

General Electric agrees to buy Hyundai shares

General Electric Co, the world's second largest car manufacturer plans to expand its business in South Korea and agreed to buy Hyundai Motors share in their credit card unit. General Motors GE, that's based in Fairfield, Connecticut, will buy 204 billion won ($199 million) shares in the Hyundai Motors credit-card unit from South korea's largest automaker.

Hyundai Logo

GE would buy shares from Hyundai Motor’s new equity issued by the credit-card company, that would bring its stake to 43%, Edaily reported. This share would enhance and expand GE's alliance with Hyundai Motors, ie South Korea's second largest automobile manufacturer. With this GE joins the league of Samsung, LG to recapitalize their credit card business.

The filing of the sharing mentions that GE would attain these shares in September. In order to buy the new-share credit the automaker would invest 143 billion dollars.

::Bookmark This Page::

12 comments:

sharetipsinfo said...

Hi,
Lot of global tensions is going on at this time. Japan is expected to pull out its money from the global market as they want to revamp their country now. In current scenario anything can happen in the Share market Investors are advised not to panic and stay invested only safe traders and investors should exit their long positions on every high and one can use every decline as an opportunity to enter market again.
Regards
SHARETIPSINFO TEAM

buzzingstreet said...

Nice and quite useful blog. Would like to say that stock market hardly gives any second chance. Once opportunity lost means it’s gone forever. Now the biggest question is how to grab trading opportunities every time we trade?
Well here comes the technical analyses handy. Just rely on research rather than your guts feeling and one should stop speculating in the Share market.
Follow few basic trading rules and we are sure one can earn huge amount in the Indian stock market only by trading in NSE and BSE

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

sharetipsinfo said...

Commodity trading is gaining lot of popularity in India. MCX and NCDEX are most popular commodity exchanges of India. MCX and NCDEX both offers hi tech platform for commodity trading. Commodity trading should have clear picture like how they can earn money from ncdex or mcx trading and for that they need to track various listed commodities and should rely on research rather than speculation.
http://www.sharetipsinfo.com/effect-sharemarket.html

Deepak said...

Way2profit provides research based stock market tips in Indian stock market covering NSE, BSE and MCX exchanges

sharegyan001 said...

If you are trading in NSE, BSE, MCX and in NCDEX then let sharegyan give you all stock trading gyan

stock tips said...

In terms of data, the Government will release wholesale (WPI) inflation today and retail (CPI) inflation later this week...
Stock Tips