BlackRock increases stake in SK Hynix to 5.08 percent

Home > Business > Industry

print dictionary print

BlackRock increases stake in SK Hynix to 5.08 percent

U.S. investment firm BlackRock acquired additional stakes in SK Hynix with its holdings passing the 5-percent mark, the country’s No. 2 chipmaker said Monday.

BlackRock, which previously held 4.99 percent in SK Hynix, purchased additional shares worth 0.09 percent last week to reach a stake of 5.08 percent, SK Hynix said in a regulatory filing.

The total value of the U.S. investor’s stake was estimated at 3.1 trillion won ($2.9 billion) as of Monday.

Investors with a stake over 5 percent on listed firms are obligated to disclose their holdings through regulatory filings.

BlackRock said it has no intention of getting involved in the management of SK Hynix.

“We, the undersigned representative reporter, hereby confirm that we and all our specially related persons will not take any action to influence the management of SK Hynix,” BlackRock said through an English-language statement included in the filing.

SK Telecom, Korea’s No. 1 mobile carrier, currently holds 20.07 percent of the chipmaker, followed by the country’s top institutional investor, the National Pension Service, at 9.94 percent.


Yonhap

More in Industry

The Dilly Z robot is ready to roll

Work at home is not as easy as it sounds, ministry says

Flying visit

[NEWS IN FOCUS] Spotify is still almost here, and seems to be getting closer

Korea Inc. calls on Suga to relax border restrictions

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now