Disposition of Stake in Hynix Semiconductor(Jun. 8, 2002)
2002-06-10On June 7, 2002, Kookmin Bank made a decision to dispose its stake in Hynix Semiconductor (the “Company”). Kookmin Bank decided to sell off the stake, which it had purchased in the course of debt restructuring of the Company as agreed by the creditors, in order to collect the invested principles.
1. Information on the Company
• Company name: Hynix Semiconductor
• Paid-in Capital: 26,217 billion Won
• Issued and outstanding shares: 5,239,972,289 shares
2. Details of Kookmin Bank’s disposition
• Amount of disposition: 626 billion Won*
• Number of shares sold: 125,344,136 shares
• Number of shares owned after this transaction: 120,932,700 shares
• Kookmin Bank’s stake after this transaction: 2.31%
Kookmin Bank will dispose the remaining 2.31% as soon as possible.
* The amount of disposition was calculated based on the par value (5,000 Won) of the shares. The real disposition amount was 51 billion Won.