SK hynix to Buy Back and Retire KRW 40 Trillion in Treasury Shares
SK hynix will buy back and retire KRW 40 trillion worth of its own shares, in what will be the largest treasury-share cancellation by a listed Korean company to date.The company said Wednesday that its board had approved the buyback and cancellation plan as part of an expanded shareholder-return pol
SK hynix announced plans to repurchase and retire KRW 40 trillion worth of its shares, marking the largest such cancellation by a Korean company. The board approved the buyback as part of an expanded shareholder-return policy covering 2025-2027. This represents over 50% of the company's cumulative free cash flow during the policy period.
SK hynix expects the stronger-than-expected cash flow and financial position to justify the larger-than-planned share buyback. The buyback will begin on August 20 and run for about three months. All acquired shares will be retired after completion. The company will also consider additional returns through dividends during the policy period, contingent upon cash flow, market conditions and available profits.
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