Industry

SK hynix says it will assess shareholder impact first amid dual listing concerns

SK hynix addressed controversy over a potential dual listing tied to the use of capital at Solidigm. The company said the method of raising funds for investment in Solidigm has not been decided and that the benchmark for all decisions is the long-term value of existing shareholders. It said Solidigm’s capital use will be determined after reviewing SK hynix’s overall investment plans, financial position and capital allocation, and that various options, including external capital, will be assessed.

Industry

Kakao blocks Kakao Mobility U.S. ADR listing, opposes TPG stake securitisation structure

Kakao has moved to block Kakao Mobility’s push to list American depositary receipts in the United States, objecting to a structure focused on liquidity for second-largest shareholder TPG’s existing stake. Kakao’s board said it opposed proceeding under the current plan after reviewing shareholder protection measures and the impact on Kakao and its common shareholders. Kakao also cited concerns over dual listing burdens, NAV discount expansion and potential conflicts of interest.