SK Hynix Set to File Plan for New Share Issue Linked to ADRs with Financial Supervisory Service

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SK Hynix Set to File Plan for New Share Issue Linked to ADRs with Financial Supervisory Service

Deep News06-24

SK Hynix is expected to submit a securities registration statement to South Korea's Financial Supervisory Service this Wednesday regarding its planned listing of American Depositary Receipts (ADRs), according to a report in the Korea Economic Daily citing unnamed financial industry sources.

The company is required to first issue shares in South Korea before it can proceed with listing its ADRs on the Nasdaq exchange.

SK Hynix anticipates that the Financial Supervisory Service could complete its review of the documents as early as July 3, with the ADR listing potentially being finalized in July.

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