SK Hynix Will Cancel 3.3% of Its Shares. Who Gains?
SK Hynix will buy back and cancel ₩40tn of stock, about 3.3% of its shares. The arithmetic lifts its parent’s stake without SK Square buying anything.
American Depositary Receipts on Korean companies – ratios, premiums, and conversion mechanics.
SK Hynix will buy back and cancel ₩40tn of stock, about 3.3% of its shares. The arithmetic lifts its parent’s stake without SK Square buying anything.
SKHY priced 4.84% above SK Hynix’s Seoul shares in July. By August 14 the gap was 43.41% — Seoul fell 24.75% while the Nasdaq ADR rose 11.63%.
SK Hynix declared ₩375 a share on Aug 7. After Korean tax that is $0.0225 per ADS — and the deposit agreement caps the ADR distribution fee at $0.05 per…
The next SK Hynix earnings date is not yet announced (late October expected, not confirmed). One Seoul share equals ten Nasdaq ADRs, and the premium was about 19% on July 31 closes – a day Seoul closed at its 30% price limit, which flatters the number. Shareholder-return policy: still undecided. Updated each quarter.