Hynix shareholders give Hyosung another two weeks

SEOUL, Nov 2 (Reuters) - Leading shareholders in South Korean Hynix Semiconductor Inc (000660.KS) said they would extend a deadline for a proposal to buy the controlling stake in the chipmaker by two weeks, after the only contender, Hyosung (004800.KS), asked for more time.

The creditors-turned-shareholders of Hynix, led by Korea Exchange Bank (004940.KS), said on Monday the extension was granted to give Hyosung sufficient time to consider its bid for Hynix. the world's No. 2 maker of memory chips.

On Sunday, Hyosung said it had failed to meet the initial Oct. 30 deadline for the proposal due to lack of preparation.

Hyosung, a medium-sized company focused on fibres and chemicals, emerged as the sole bidder in September for a 28 percent stake in Hynix put up for sale by former creditors and estimated to be worth 3-4 trillion won ($2.5-$3.3 billion). (Reporting by Rhee So-eui; Editing by Dan Lalor) ($1 = 1,186.1 won)