A shareholder in Hynix Semiconductor has said that the deadline to submit bids for a stake in the company has been extended to 10 November. The original deadline was 3 November.
The move aims to attract more offers for the world’s second-largest memory…
A shareholder in Hynix Semiconductor has said that the deadline to submit bids for a stake in the company has been extended to 10 November. The original deadline was 3 November.
The move aims to attract more offers for the world’s second-largest memory chipmaker, as local mobile operator SK Telecom is allegedly the only bidder.
In an email to TelecomFinance, Korea Exchange Bank (KEB), a Hynix shareholder, said: “In an effort to ensure fairness and transparency of the bidding [process], KEB decided to give opportunities to potential bidders.”
This is the second time that the deadline has been extended after local holding company STX Corp decided to withdraw from the bidding race.
The deal is expected to close in January 2012.
