The Nasdaq listing schedule for SK hynix American depositary receipts (ADR) has been tentatively set for the 10th of next month.
According to the Financial Supervisory Service's electronic disclosure system on the 24th, SK hynix plans to issue depositary receipts (DR) backed by new shares as the underlying asset and list them on the Nasdaq Global Select Market on the 10th of next month.
To that end, SK hynix will conduct a paid-in capital increase through a third-party allotment. The number of shares to be issued is 17.79 million, raising a total of 45.45345 trillion won. However, the exact number of new shares and the issuance size will be finalized later through a book-building process.
The newly issued shares will be deposited as original shares with the overseas depositary, Citibank N.A., and ADRs will be issued with these as the underlying asset. Ten ADRs will be issued for each new share, and a total of 177.9 million ADRs are slated to list on Nasdaq.
SK hynix will use the funds raised for facilities. It will invest 31 trillion won in the Yongin semiconductor cluster phase 1 fab (construction investment), 19 trillion won in the Cheongju P&T7 advanced packaging fab, and 12 trillion won to acquire EUV (Extreme Ultraviolet Scanner) machinery and equipment.