SK Group chief to visit US for SK hynix's listing debut on Nasdaq
The company said the newly issued shares will be sold at 2.55 million won and listed on July 29, while each ADR will be priced at 255,500 won.
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Summary
The company said the newly issued shares will be sold at 2.55 million won and listed on July 29, while each ADR will be priced at 255,500 won. In this file photo, SK Group Chairman Chey Tae-won speaks during a briefing to announce President Lee Jae-myung's "three megaprojects" initiative in Seoul on June 29. (Pool photo) (Yonhap) SK Group Chairman Chey Tae-won will visit the United States to attend a ceremony marking SK hynix Inc.'s listing of its American depositary receipts on the Nasdaq market, industry sources said Thursday. ADRs are negotiable securities issued by US banks that represent shares in foreign companies, allowing them to attract US investors without directly listing their common stock on a US exchange.
Furthermore, Chey is scheduled to attend Friday's listing ceremony in New York, alongside SK hynix CEO Kwak Noh-jung and other senior executives, the sources said. During the event, Chey and the management team are expected to present SK hynix's technological competitiveness and long-term growth strategy to global investors. During his visit, Chey is also expected to meet with executives from major U.S. technology companies, including Nvidia and Tesla, according to the sources.
In addition, The world's second-largest memory chipmaker said the proceeds will be used to build a new semiconductor fabrication plant and construct an advanced chip packaging facility in South Korea.
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The company said the newly issued shares will be sold at 2.55 million won and listed on July 29, while each ADR will be priced at 255,500 won.
reliability low1/2 sourcesIn this file photo, SK Group Chairman Chey Tae-won speaks during a briefing to announce President Lee Jae-myung's "three megaprojects" initiative in Seoul on June 29. (Pool photo) (Yonhap) SK Group Chairman Chey Tae-won will visit the United States to attend a ceremony marking SK hynix Inc.'s listing of its American depositary receipts on the Nasdaq market, industry sources said Thursday.
reliability low1/2 sourcesADRs are negotiable securities issued by US banks that represent shares in foreign companies, allowing them to attract US investors without directly listing their common stock on a US exchange.
reliability low1/2 sourcesChey is scheduled to attend Friday's listing ceremony in New York, alongside SK hynix CEO Kwak Noh-jung and other senior executives, the sources said.
reliability low1/2 sourcesDuring the event, Chey and the management team are expected to present SK hynix's technological competitiveness and long-term growth strategy to global investors.
reliability low1/2 sourcesDuring his visit, Chey is also expected to meet with executives from major U.S. technology companies, including Nvidia and Tesla, according to the sources.
reliability low1/2 sourcesThe world's second-largest memory chipmaker said the proceeds will be used to build a new semiconductor fabrication plant and construct an advanced chip packaging facility in South Korea.
reliability low1/2 sources
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