$200 Million Investment in Hynix
A sale of $200 million in global depository receipts of Hynix Semiconductor to a foreign investor has been confirmed tentatively, the president of Korea Exchange Bank, Kim Kyung-lim, said Monday. Hynix plans to attract $1.8 billion in foreign investments.Mr. Kim said the unidentified investor may also be interested in buying out the interests in Hynix held by the chipmaker's affiliates Hyundai Heavy Industries and Hyundai Merchant Marine.
If it bought those holdings, the investor would become Hynix's largest shareholder and take over management rights. But chances of that are slim, observers said, speculating the buyer is an investment fund eyeing short-term gains, not management rights.
with the Korea JoongAng Daily
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