Bids will close on October 24 for a 20 percent stake in South Korean computer chipmaker Hynix Semiconductor, Reuters reports. Shipping-to-shipbuilding group STX Corp. and SK Telecom are in the race to acquire the shares worth $2.7 billion.
KEB, ShinhanBank and Woori Bank are among the shareholders seeking to sell their stake. Out of the total stake up for sale, 14 percent will come in the form of new shares issued by Hynix and 6 percent will be offered by creditors-turned-shareholders.
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