Creditors of Hynix Semiconductor plan to contact investors regarding a potential stake sale in the South Korean chip manufacturer, the Financial Times reported today.
Korean Finance, which with a 5% stake is Hynix s largest shareholder, said that the creditors are looking to offload their 20% stake in Hynix before this year is over, the item said.
The creditors might offer debt financing for the sale of a stake, following three failed attempts at finding a buyer for the business, the article said.
The report estimated a value of approximately KRW 3.12tn (USD 2.51bn) for the creditors stake.
See here for previous stories on the sale.
Source: Financial Times
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