South Korea Says Solidigm’s Potential Listing Could Violate Dual-Listing Rules
6 Articles
6 Articles
Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), commented on the controversy surrounding SK Hynix subsidiary Solidigm's push to list on the U.S. NASDAQ, stating that it "violates the rule against duplicate listings." Appearing before the National Assembly's Political Affairs Committee for a parliamentary audit on the 19th, Governor Lee stated, "We are continuously monitoring the Solidigm issue," adding that "the judgment that …
(Seoul = Yonhap News) Reporters Kang Su-ryeon and Kim Ji-yeon = On the 19th, Financial Supervisory Service Governor Lee Chan-jin stated that SK Hynix's push to list its U.S. subsidiary Solidigm constitutes a duplicate listing...
Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), stated that he believes the push for a NASDAQ listing by Solidigm, a U.S. subsidiary of SK Hynix, constitutes a duplicate listing. He indicated that he is awaiting a legal interpretation regarding the obligation to submit a securities registration statement to protect existing domestic shareholders, and also signaled his intention to convey these concerns to SK Hynix. During the …
South Korea says Solidigm’s potential listing could violate dual-listing rules
SEOUL, Oct 19 : South Korea’s financial regulator said on Monday that SK Hynix’s potential listing of US unit Solidigm could violate restrictions on dual listing. Financial Supervisory Service Governor Lee Chan-jin said at a parliamentary hearing that South Korean regulators were looking into whether Solidigm’s potential initial public offering in the United States would require a review […]
[Digital Daily Reporter Kang Ki-hoon] Concerns were raised during a parliamentary audit that existing shareholders could suffer losses if SK Hynix's U.S. semiconductor subsidiary, Solidigm, lists on the NASDAQ. Rep. Park Sung-hoon of the People Power Party pointed out that the subsidiary's listing could reduce the profits of SK Hynix shareholders, while Lee Chan-jin, Governor of the Financial Supervisory Service (FSS), stated, "We are reviewing …
On the 19th, People Power Party lawmaker Ahn Cheol-soo stated, "President Lee Jae-myung mobilized all public means to block the listing of SK Hynix subsidiary Solidigm."
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