The chipmaker said it is reviewing ways to enhance shareholder value but has never discussed the reported scale, after local media linked a possible post-ADR buyback and dividend program to a mid-July listing.
SK Hynix said on June 16 that it is considering various ways to enhance shareholder value but denied discussing a shareholder return plan on the scale cited in market rumors. The response followed reports that, after an ADR listing expected in mid-July, the company could launch a fourth-quarter capital return program combining share buybacks and cash dividends. Earlier local media reports had cited a plan of up to KRW 100 trillion and said the ADR issuance had been trimmed from 2.4% of outstanding shares to just above 2% to ease dilution concerns, potentially raising about KRW 40 trillion. SK Hynix said it has never discussed the specific scale or other details mentioned in the rumor.