SK Hynix Corrects ADR Size and Buys Corporate Bonds; Samsung SDS Launches Its First Union
SK Hynix corrected the size of its ADR issuance to 43trillion won and purchased approximately 15trillion won worth of corporate bonds over one month. During the same period, SK announced a 100trillion-won investment plan and Cheongju, North Chungcheong Province, announced support measures. Samsung SDS launched its first union since its founding on 7day, while Toss put its Nasdaq ADR listing on hold.
It has been confirmed that SK Hynix corrected the size of its American depositary receipt (ADR) issuance and purchased a large amount of corporate bonds over one month. The move is drawing attention because it could affect funding and bond-market flows from the perspective of investors.
The company said in a disclosure issued in 7month on 6day that it had revised the total ADR issuance amount from the initially stated 45trillion won to 43trillion won. The revision was made to reflect changes in the share price.
During the same period, SK Hynix disclosed that it had purchased up to approximately 15trillion won worth of corporate bonds over one month. The disclosure included the purchase amount and timing.
SK also announced that it is planning an investment totaling 100trillion won, and Cheongju City in North Chungcheong Province said it would provide dedicated support in connection with this.
7 month 7 day, Samsung SDS's first labor union was launched since the company's founding. The company is expected to issue an official statement, followed by related disclosures.
On the same day, Toss disclosed that it had put its Nasdaq ADR listing on hold. The company announced that it would make additional disclosures regarding the listing schedule.
Investors are advised to check the related disclosures and company announcements.