SK Hynix Plans to Cancel 40 Trillion Won of Shares
SK Hynix plans to cancel shares it completed buying back last week, worth 40 trillion won.
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SK Hynix plans to cancel shares it completed buying back last week, worth 40 trillion won.
SK Hynix Inc. said it plans to buy back and cancel 40 trillion won ($29 billion) of treasury stock and to allocate more than 50% of cumulative free cash flow from 2025 to 2027 to shareholder returns.
JPMorgan analyst Jay Kwon says SK Hynix’s plan to buy back and cancel 40 trillion won of treasury shares over the next three months is positive for stock sentiment.
SK Hynix announced plans to repurchase and cancel 24.07 million shares over the next three months and lifted its shareholder return commitment to more than 50% of cumulative free cash flow from 2025 to 2027.
SK hynix Inc. said it will repurchase up to 24 million treasury shares in a 40 trillion won ($29 billion) buyback and lifted its shareholder-return target to more than 50% of free cash flow.
SK Hynix’s U.S.-listed ADR SKHY rises in premarket after the company said it will buy back and cancel 40 trillion won, or $29 billion, of treasury shares.