Hynix draws no bidders by Friday deadline -KEB

Related Topics

SEOUL | Fri Jan 29, 2010 1:20am EST

SEOUL Jan 29 (Reuters) - Hynix Semiconductor Inc (000660.KS) has failed to draw any bidders for a controlling stake in the company by a Friday deadline, its lead shareholder said.

Creditors-turned-shareholders led by Korea Exchange Bank (KEB) (004940.KS) are putting up for sale an up to 28 percent stake in the world's No. 2 memory chipmaker.

Their first attempt at offloading the stake in an auction fell through last November after the sole bidder pulled out.

KEB said the shareholders would consider other methods to offload the stake, including offering it in parts.

(Reporting by Kim Yeon-hee; Editing by Jonathan Hopfner)

Related Quotes and News

Company
Price
Related News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.