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SK Hynix Plans $66.4B Shareholder Return Program After ADR Listing

GateNews
Stocks

According to Korean media reports cited by analyst jukan, SK Hynix plans to announce a large-scale shareholder return program valued at approximately $66.4 billion following its ADR listing. The company aims to raise around 40 trillion Korean won, or approximately $26.5 billion, through new share issuance in the ADR offering.

To address shareholder dilution concerns, SK Hynix has reportedly reduced the ADR issuance size from 2.4% of outstanding shares to just over 2%, the reports said.

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