The creditors of Hynix Semiconductor sold a combined 4.1% stake in the listed South Korean chip maker on 27 July, reported the Hankook Ilbo. The report cited a spokesperson at a creditor as saying that the creditors sold a 4.1% stake to institutional investors on 27 July after market closing. The creditors raised KRW...
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There is still no potential buyer to show interest in Hynix Semiconductor, the Maeil Business cited CEO Kwon Oh-cheol as saying. Kwon said this information at a press meeting to announce the financial results of the listed South Korean chipmaker yesterday. Kwon also said that the company will keep searching for a buyer, but...
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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...
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The Korea Deposit Insurance Corp. said yesterday that it had sold a 0.7 percent stake in Hynix, the world’s No. 2 chipmaker, for $103 million in a move that suggested that a further planned sale of a 5 percent stake by creditors later this year is likely to meet with success, The JoongAng Daily...
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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,...
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Korea Finance Corporation (KoFC) is open to approaches from potential buyers anytime to sell its stake in Hynix Semiconductor, the listed South Korean company. According to a Yonhap News report, Yoo Jae-Han, the CEO at the state-run financial company, disclosed the information in a meeting with members of the national assembly. The creditors, including Korea...
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Hynix Semiconductor will seek to amend its corporate articles to allow a new share issuance to a strategic investor, reported Asia Economy. The report, which cited information released by the South Korean chipmaker, said the company will propose the amendment at its AGM scheduled for 26 March. Hynix is planning to add a “strategic...
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Creditors of Hynix Semiconductor Inc. have raised KRW 923.2 billion (US$813.6 million) by selling a 6.67 percent stake through a block trade, Korea Exchange Bank (KEB) said today. Korea’s Yonhap News Reports - KEB, the main creditor of the chipmaker, said the creditors unloaded 39.28 million shares for KRW 23,500 per share to local and...
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Korea Finance Corporation is unlikely to sell its stake in Hynix Semiconductor through a planned block sale, reported Asia Economy. The report, which cited industry sources, claimed that the South Korean state-run firm decided not to offload its 1.38% holding via the sale. As a result, only a 6.58% stake in Hynix would be...
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As temperatures finally start to rise in Korea, the M&A market might also be heating up according to the article ‘Flurry of mergers on horizon‘, in Korea’s JoongAng Daily. The article bases the argument on the greater than expected interest in Daewoo International, which saw four entities submit bids, when many thought Posco would...
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