Creditors of S. Korea's Hynix sell 4.14% stake via block trade

Creditors of South Korea's Hynix Semiconductor Inc. sold a 4.14 percent stake in the chipmaker via a block trade, media reports said Tuesday.

Through the block sale, creditors raised 584.5 billion won (492. 8 million U.S. dollars) by selling a total of 24.4 million shares to local and foreign investors.

Through the block sale, creditors' Hynix holdings fell to 15.9 percent, which they have said to keep until they find a new bidder.

At the close of Tuesday's session, shares of Hynix were selling at 23,500 won (20 U.S. dollars) following the report.

Source: Xinhua