SK Hynix is set to pursue a listing of its American Depositary Receipts (ADR) next month, with plans to raise as much as 45 trillion won.
According to a filing with the Financial Supervisory Service on June 24, SK Hynix plans to issue securities deposit receipts (DR) valued at up to 45.45 trillion won for its listing on the NASDAQ stock exchange. The ADR is scheduled to debut on July 10.
The company stated that the funds raised from the ADR issuance will be allocated for investments in construction and facilities, including the Yongin semiconductor cluster phase one fab, the Cheongju P&T7 advanced packaging fab (covering construction, equipment, and ancillary costs), and machinery.
However, the final amount raised may vary based on demand forecasts. SK Hynix plans to determine the exact figure after the total amount for the ADR offering is confirmed through subsequent demand assessments.
Earlier, on March 25, SK Hynix initiated the NASDAQ listing process by submitting a registration statement for the ADR to the U.S. Securities and Exchange Commission (SEC).
Following the announcement of its ADR listing plans, the company's stock showed strength in after-hours trading. As of 5:06 PM, SK Hynix shares were trading at 2,694,000 won, up 139,000 won (5.44%) from the previous trading day in the Next Trade after-market.
In regular market trading, the stock closed up 0.98% at 2,580,000 won.
* This article has been translated by AI.
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