Hynix completes equity re-capitalization

In the face of its many doubters, Hynix has persuaded equity investors to swing behind its re-capitalization.

Jackie Horne

June 17, 2001

Described by Chairman and CEO CS Park as the first market-driven restructuring in Korean corporate history, Hynix's $1.25 billion GDR stands almost unique among global public equity offerings. At its crux, lies an interdependence of GDR and bank re-financing, such that the latter has been wholly contingent on the completion of the former.

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