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Sovereign Wealth Funds Briefing - Categorized | Market

Hyundai Heavy says it will not bid for Hynix

Posted on 07 July 2011

STX Group, a South Korean shipping and shipbuilding conglomerate, said Wednesday that it has an interest in bidding for a 15 percent stake in Hynix Semiconductor Inc. as part of efforts to diversify its business.
“The group is considering submitting a letter of intent to buy Hynix and conducting due diligence. But if the results do not meet our expectation, we would not join a final bidding,” said an official at STX Group……………………………………….Full Article: Source


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