ID :
34638
Tue, 12/09/2008 - 15:51
Auther :

U.S.-based fund sells 4.95 pct of Hynix shares

SEOUL, Dec. 9 (Yonhap) -- U.S.-based investment fund AllianceBernstein L.P. said Tuesday it sold a 4.95 percent stake in Hynix Semiconductor Inc., the world's second-largest maker of computer-memory chips.

AllianceBernstein sold 22.7 million shares in Hynix, lowering its interest from
7.43 percent to 2.48 percent, the New York-based company said in a regulatory
filing.
Shares of Hynix, controlled by creditors, fell 4.49 percent to 7,450 won as of
1:52 p.m. on the Seoul bourse.
odissy@yna.co.kr

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