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BRIEF-SK Hynix Inc.'s board approved a plan to invest in Toshiba Memory Corp
September 28, 2017 / 10:18 AM / in 2 months

BRIEF-SK Hynix Inc.'s board approved a plan to invest in Toshiba Memory Corp

Sept 28 (Reuters) - Sk Hynix Inc:

* SK Hynix Inc.’s board approved a plan to invest in Toshiba Memory Corporation

* SK Hynix - ‍Bain-led consortium will hold 49.9 percent stake in TMC, while Toshiba will hold 40.2 percent and Japan’s Hoya Corp. Will own 9.9 percent​

* SK Hynix - ‍remaining 266 billion yen is to put in fund established by Bain capital as limited partner Source text for Eikon: Further company coverage:

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