SK Hynix has issued another response to reports that it may sell part of its equity interest in its packaging plant in Chongqing, China, in a deal reportedly valued at about 4 trillion won, or roughly $2.9 billion. The company said it is reviewing several measures to strengthen the competitiveness of its packaging business, but no specific matter has been finalized at this stage. The update marks SK Hynix’s second disclosure on the issue following its first public response on Aug. 10. The company added that it will make a separate announcement if any relevant matter is confirmed. If there is still no concrete progress, it plans to provide another update within three months from the date of this notice, with the next disclosure expected on Dec. 8. The report was cited by Odaily and attributed to Jiemian News.
SK Hynix has again responded to reports that the company is considering selling part of its stake in its packaging plant in Chongqing, China, in a transaction said to be valued at about 4 trillion won, or roughly $2.9 billion.
The company said it is reviewing multiple measures to improve the competitiveness of its packaging business. As of now, however, no specific matter has been decided.
The disclosure comes a month after SK Hynix first addressed the issue in a public announcement on Aug. 10.
SK Hynix said it will issue a separate announcement if any related matter is confirmed. If there is still no concrete progress, it will make another disclosure within three months from the date of this announcement, with the next update expected on Dec. 8.
The report was cited by Odaily and attributed to Jiemian News.
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