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Sovereign Wealth Funds Briefing - Categorized | Investment

South Korea to limit foreign investment in Hynix bid

Posted on 03 August 2011

Government plans to limit foreign investment in the bid for a 15% stake in Hynix Semiconductor Inc. may affect STX Group’s plans with a Middle East sovereign-wealth fund to buy the chip maker, the Seoul Economic Daily reported Tuesday.
“As Hynix is a very important high-tech company (for the national industry), we (the government) asked creditor banks and lead managers to set up safety measures to prevent technology leaks,” the paper quoted a government official as saying……………………………………….Full Article: Source


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