3 stories mentioning KRX:402340Updated 37d ago
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SK Square (KRX:402340) declared a quarterly cash dividend of 375 won per share, totaling 273 billion won.The dividend will be paid to shareholders as of the record date of Aug. 31, according to a Friday filing with the Korea Exchange.
SK Square (KRX:402340) approved a 35.2 trillion-won investment to build the second phase of its Yongin Semiconductor Cluster, covering Fab Phases 1 through 6.The investment, which will run from August 2026 through October 2031, aims to secure production capacity for growing demand, according to a bourse filing on Friday.
SK Hynix (KRX:000660) plans to raise 45.5 trillion won through the issuance of 17.8 million new depositary receipts (DRs) on the Nasdaq Global Select Market on July 10, according to a Friday filing with the Korea Exchange by parent SK Square (KRX:402340).The issue price per DR is 255,500 won, with a conversion ratio of 0.1 share per DR.The proceeds will be used to fund the construction of the first fabrication facility within the Yongin Semiconductor Cluster, the Cheongju P&T7 Advanced Packaging fabrication facility, and to secure machinery and equipment, the filing said.Shares of SK Hynix fell nearly 9% in recent trade, while those of SK Square declined over 13%.
