SK Hynix completes a stock buyback and cancellation of 40 trillion won

According to a report by the Korean News Agency, the storage chip manufacturer SK Hynix completed a large-scale stock buyback on the 21st, following Samsung Electronics in completing the related operation. The company stated that it completed a stock buyback worth 40 trillion won on the Korea Exchange, which lasted for two months.

Previously, SK Hynix announced that it would invest 40.0434 trillion won to buy back 24.07 million shares, all of which would be canceled after the buyback, accounting for approximately 3.3% of the total issued shares, and stated that this is the largest stock cancellation operation by a listed company in South Korea. The original buyback period was set from August 20 to November 19, but it was completed about a month ahead of schedule.