South Korea's Hynix Semiconductor Inc and its creditors completed a $1.5 billion stake sale on Sunday, the main creditor Korea Exchange Bank said, after negotiations about the allocation of shares had temporarily stalled the deal.
Hynix, the world's No 2 maker of memory chips, and its creditors had already priced about 54 million existing and new shares, representing about a 12 percent stake of the firm's enlarged total of shares, at 26,500 won ($27.72) each on Friday, marking a smaller-than-expected discount.