Hynix to launch 352 bln won rights offering next month

SEOUL, Dec. 26 (Yonhap) -- Hynix Semiconductor Inc., the world's second-largest
maker of computer memory chips, said Friday it plans to launch a rights offering
worth 351.6 billion won (US$269.4 million) in January to beef up its capital.
Hynix will sell its 60 million new shares on Jan. 13, the company said in a
regulatory filing. The new shares will be listed on the stock market on Jan. 30.
Last week, creditors of Hynix agreed to provide 800 billion won of fresh capital
to the loss-making chipmaker.
The new fund consists of 500 billion won in new loans and 300 billion won that
will be used to buy new shares of Hynix, according to Korea Exchange Bank, one of
the creditors.
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