SK Hynix Says No Decision Yet on Reported 16 Trillion Won Special Dividend from Kioxia Stake Sale

MT Newswires Live10:44

SK hynix (KRX:000660) said it is reviewing various shareholder return measures, but nothing has been finalized.

The statement came in response to a Dong-A Ilbo report on Monday that said the company plans to pay a 16 trillion won special dividend from its sale of a stake in Japan's Kioxia (TYO:285A).

The news daily, citing investment banking (IB) and business sources, said SK Hynix plans to distribute 80% of the proceeds from selling its Kioxia stake to shareholders.

In a bourse filing on Monday, the semiconductor company said it will disclose any additional shareholder return plans at its third-quarter earnings release on Oct. 28.

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