Investing.com- South Korean memory chip maker SK Hynix (KS:000660) is considering a listing on the U.S. stock market via American Depositary Receipts (ADRs), according to a regulatory filing released on Wednesday.
The company said it is exploring “various measures to enhance shareholder value, including a listing on the US stock market using treasury shares”, but added that no final decision has been made.
The move comes amid growing demand for AI-enabled DRAM and NAND products.
According to one proposal, approximately 2.4% of the outstanding shares, held in treasury, could be converted into ADRs, the equivalent of approximately 17.4 million shares.
SK Hynix said it will provide a further announcement within a month if the plans come to fruition.
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