1. The limit at which SK Hynix can convert domestically listed stocks to American stock depository receipts (ADRs) is set at 2.5% of the…
1. The limit at which SK Hynix can convert domestically listed stocks to American stock depository receipts (ADRs) is set at 2.5% of the total number of issued stocks. 2. Due to the $26.5 billion ADR issuance conducted on July 10, the conversion quota has already been fully exhausted. 3. Additional ADR creation is not possible unless a reverse conversion occurs where the existing ADR holder changes back to domestic stocks. #Hynix #ADR
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