Hynix Shareholders May Limit Foreign Bidders’ Votes, Daily Says
Hynix Semiconductor Inc. (000660) shareholders may restrict voting rights of foreign investors who would team up with Korean companies, when they select a successful bidder for their controlling stake, Korea Economic Daily said.
The shareholders including Korea Finance Corp. are discussing about the protection of management when they select a successful bidder out of SK Telecom Co. and STX Group, the Korean-language newspaper said, citing a Korea Finance official that it didn’t name.
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