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SK Hynix completes 40 trillion won share buyback a month ahead of schedule, setting a record for South Korean listed companies.
SK Hynix announced on Wednesday (21st) that it has completed its two-month, 40 trillion won share buyback, with plans to cancel all repurchased shares, according to Yonhap News Agency. The buyback represents approximately 3.3% of the company's outstanding shares and marks a record for share buyback and cancellation by a South Korean listed company. SK Hynix had originally planned to conduct the buyback between August 20 and November 19, but completed it approximately one month ahead of schedule. As of publication, SK Hynix ADRs are up 2.24%.
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