SK hynix lowers Nasdaq ADR offering to 43 trillion won

South Korean chip giant SK hynix Inc. said Monday it plans to raise up to 43.14 trillion won ($28.14 billion) through a stock offering linked to the listing of its American depositary receipts on the Nasdaq market. The amount was revised down from 45.45 trillion won in an earlier plan, reflecting Friday's closing price of 2.42 million won on the Korea Composite Stock Price Index , compared with 2.55 million won on June 23. In a regulatory briefing, SK hynix said it will issue up to 17.79 million

By The Korea Herald