KEB sells $118m SK Hynix stake close to par

By Rev Hui
30 Apr 2014

Korea Exchange Bank sold W122bn ($118m) of shares in semiconductor manufacturer SK Hynix on April 24, pricing the block at an extremely tight discount of 0.43%.

The 3m share secondary block was brought to the market by Credit Suisse and Hana Daetoo Securities on the same day that SK Hynix released an encouraging set of financial results, which saw the company post a year-on-year increase of 349% in net income for the first quarter ...

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