SK Hynix Invests 2.394 Trillion KRW in Cash to Chinese Subsidiary

[Image source=Yonhap News]

[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%.

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."