SK Hynix to buy back, cancel $29 billion worth of treasury shares
SK Hynix has announced plans to repurchase and cancel $28.61 billion worth of treasury shares, aiming to enhance returns for shareholders. The South Korean chipmaker revealed its intention to allocate at least 50% of the free cash flow generated between 2025 and 2027 towards shareholder returns. Additionally, SK Hynix intends to explore further shareholder value creation through share repurchases, cancellations, and dividends, with specific details to be disclosed alongside its third-quarter earnings release.
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- SK Hynix to buy back $28 bln in treasury shares investing.com
- SK Hynix to buy back, cancel $29 billion worth of treasury shares channelnewsasia.com
