July 11, 2018 / 1:25 AM / in 4 months

BUZZ-S.Korea's Ssangyong Motor climbs as parent Mahindra & Mahindra plans to invest $1.16 bln

** Shares of South Korean automaker Ssangyong Motor Co Ltd , a subsidiary of Indian car manufacturer Mahindra & Mahindra Ltd, climb as much as 25.3 pct

** Mahindra & Mahindra Chairman Anand Mahindra said the company plans to invest about 1.3 trillion won ($1.16 billion) in Ssangyong Motor over the next 3-4 years, in addition to 1.4 trillion won it already invested so far, Yonhap News reported on Tuesday, citing South Korea’s presidential office

** Broader market down 1.2 pct as of 0102 GMT ($1 = 1,121.6000 won)

0 : 0
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