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Hyundai Card shelves IPO after Fubon buys 20% stake

South Korea’s Hyundai Card Co. has shelved a plan to go public after Taiwan’s Fubon Financial Holding Co. completed the purchase of its 20% stake from a consortium led by Affinity Equity Partners, a Hyundai Card official said on Friday.

May 20, 2022 (Gmt+09:00)

2 Min read