SK Hynix announced during its second-quarter earnings conference call on July 29 that the conversion of American Depositary Receipts (ADRs) to Wonju will be freely available starting July 30, the day after the listing on the Korea Exchange is completed. However, the company noted that the conversion process may be limited due to procedural requirements and restrictions on the ADR conversion cap.
The company added that the issuer may need to undergo regulatory reporting procedures during the conversion process, which is expected to take more than a typical order period.
Additionally, the total issuance of ADRs cannot exceed the conversion limit, which is currently set at 17.79 million shares (based on Wonju).
Regarding the potential for increasing the proportion of ADRs, the company stated, "We will consider the regulatory environment comprehensively before making any decisions on expanding the ADR ratio in the future," adding that no specific plans have been finalized at this time.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.