Hynix shareholders to proceed with $2.8 bln stake sale as planned

SEOUL, Sept 20 | Tue Sep 20, 2011 3:14am EDT

SEOUL, Sept 20 (Reuters) - Hynix Semiconductor's 3.2 trillion won ($2.8 billion) stake sale will proceed as planned, lead shareholder Korea Exchange Bank said on Tuesday, with the deadline for final bids set on Oct 24.

STX Corp's withdrawal left rival bidder SK Telecom alone in the bidding for control of the world's No.2 computer memory chipmaker, which cast a doubt over the sale process. ($1 = 1137.300 Korean Won) (Reporting by Ju-min Park; Editing by Ken Wills)

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