The shareholders of South Korean chipmaker Hynix Semiconductor will pick a preferred bidder to acquire a controlling stake in the company at the end of October, according to media reports.
Reuters cited a statement by Korea Exchange Bank claiming that…
The shareholders of South Korean chipmaker Hynix Semiconductor will pick a preferred bidder to acquire a controlling stake in the company at the end of October, according to media reports.
Reuters cited a statement by Korea Exchange Bank claiming that Hynix’s shareholders will receive final bids by 24 October and will close the sale in November.
Reuters reported that STX Corp, a local holding company, and mobile operator SK Telecom are vying for control of the company.
According to Hynix’s Q1 results, Korea Exchange Bank holds a 3.4% stake in Hynix.
