SK hynix's potential Solidigm IPO conflicts with shareholder protection rules: watchdog chief
8 Articles
8 Articles
SK hynix's potential Solidigm IPO conflicts with shareholder protection rules: watchdog chief
Korean regulators believe SK hynix’s potential listing of its NAND flash memory subsidiary Solidigm in the United States would run counter to rules governing listings of both parent companies and their subsidiaries, Financial Supervisory Service (FSS) Gov. Lee Chan-jin said Monday. “We are continuing to monitor the Solidigm issue. Both the Financial Services Commission (FSC) and the FSS consider it to conflict with those rules,” Lee said. He was…
Global Market: South Korea regulator says Solidigm US listing may breach dual-listing rules
South Korean regulators are examining whether a US listing of SK Hynix subsidiary Solidigm would breach dual-listing rules. The review raises questions about minority shareholder protections as the company reportedly considers an IPO valuing it at up to $150 billion.
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 […]
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