Hynix creditors to sell shares

Creditors of Hynix Semiconductor Inc plan to sell up to 62 million of its existing shares in early July, worth 1.9 trillion won ($2.02 billion) at current market prices, its main creditor said on June 07.
South Korea's Hynix, the world's second-biggest memory chip maker, will also issue new shares and convertible bonds to raise about $700 million to bolster its capital, a Korea Exchange Bank (KEB) spokeswoman said by telephone.
The bank did not specify the exact number of shares slated for sale, only providing a range of 40 million and 62 million, or 9 to 14 percent of total shares.