Hynix shareholders to resume stake sale

SEOUL, April 1 Fri Apr 1, 2011 3:45am EDT

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SEOUL, April 1 (Reuters) - Top shareholders of South Korean chipmaker Hynix Semiconductor Inc plan to resume their stake sale, a major shareholder said on Friday.

Creditors-turned-shareholders of Hynix own 15 percent of the world's second-largest computer memory chipmaker and plan to discuss sale options as early as next week.

"A public sale process will start as soon as possible," state-run Korea Finance Corp (KoFC) said in a statement, adding that a meeting with other shareholders would take place next week.

In a prolonged search for a new owner for the chipmaker, the state-run policy banking arm said in October that it was considering forming a private equity fund to buy the stake. [ID:nTOE69Q070]

Its top shareholders have sought to sell their stake in Hynix, worth about $2.6 billion, but failed to find interested investors for a company that requires heavy capital investment to weather the highly volatile memory chip cycle. (Reporting by Miyoung Kim; Editing by Chris Lewis)

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