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SK Hynix's Korean stock rose 5.5% after trading and plans to raise $29 billion through ADR

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SK Hynix's Korean stock rose 5.5% in after hours trading. SK Hynix is seeking to begin American Depositary Receipt (ADR) trading on July 10th and plans to issue 17.9 million new shares through ADR listing, priced at 255500 Korean won per share, raising 4.545 trillion Korean won, or approximately 29 billion US dollars.

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