[Korea.net News, Economy / Industry, December 9 2007] Creditors of Hynix Semiconductor agree not to sell stake until takeover completed: sources

Creditors of Hynix Semiconductor, the world’s second-largest manufacturer of computer-memory chips, have agreed to extend the period in which they can sell a stake in the chipmaker, industry sources said Sunday (Dec. 9).

The creditors led by Korea’s fifth-largest lender, Korea Exchange Bank, have agreed to extend the period in which they can sell a 36 percent stake in Hynix until after a sale of the chipmaker is completed, the sources said. Creditors had originally agreed to sell their stake by the end of this year.