SK Hynix plans to launch a shareholder return program of approximately $71 billion, with about 40% allocated to share buybacks.
According to the Korean newspaper "Hankook Kyungje," SK Hynix is planning a shareholder return program totaling approximately 100 trillion Korean Won (about 71 billion USD), of which about 40 trillion Korean Won (approximately 2% of total equity) will be used for share repurchases. This move is seen by the market as a substantial hedge against the equity dilution caused by the company's issuance of new shares for its American Depositary Receipts (ADR) offering in the United States. The company has stated that it is studying additional shareholder return programs to enhance shareholder value, and the specific details will be determined and announced in the third quarter.
Source:华尔街见闻 · Source Link
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