SK Hynix Invests 2.394 Trillion KRW in Cash to Chinese Subsidiary
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[Asia Economy Reporter Myunghwan Lee] SK hynix announced on the 28th that it will make a cash investment of 2.3904 trillion KRW in its Chinese subsidiary, SK hynix Semiconductor China. This amount corresponds to 4.6% of its equity capital, and the scheduled acquisition date is October 31. After the investment, the shareholding ratio will be 100%.
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SK hynix stated, "This decision to lend funds is necessary for conversion investment to enhance competitiveness following the completion of the Wuxi production facility expansion."
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