Creditors of Hynix Semiconductor will pursue the block sale of a stake in the listed South Korean chipmaker after August, Edaily reported citing undisclosed industry and creditor sources.
Creditors had tapped the market last week for the sale. However, the sale price did not meet their expectation, said the report noting that creditors hope to sell the stake at over KRW 28,500 per share.
The report said that market expects that Hynix is likely to proceed with the partial stake sale after mid-August.
Hynix plans to sell approximately 5 % stake through a block deal in the second half, as earlier reported.
Source: Edaily (translated)
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