KDIC raises $113 million from clean-up sale in SK Hynix

The block trade comes following the tech company’s earnings announcement and after gains in Asian markets yesterday. It prices at a 1% discount to the latest close.

KDIC raises $113 million from clean-up sale in SK Hynix

Korea Deposit Insurance Corp KDIC has sold its entire remaining stake in SK Hynix, one of the world’s major semiconductor suppliers, raising W126.1 billion $113 million. The deal fixed the price just below the mid-point of the indicative range for a tight 1% discount.

Block trade activity in Asia has been quiet in recent weeks, as volatility accelerated in the global markets due to investor concerns about the health of the world’s economy.


To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...