January 2010
Electronics Weekly;1/27/2010, Issue 2413, p4
Trade Publication
The article informs that creditor banks seek to recoup some of the money they put up to save the Hynix Semiconductor Inc. from bankruptcy. In 2001 when Hynix faced debts of 9bn dollar, 18 banks agreed for a 2.3bn dollar debt-for-equity swap. Later on, more loans increased the bail-out figure to 4.6bn dollar and the amount of Hynix equity owned by the banks to 28%. Hynix is planning to repay 888m dollar of debt as it is expecting to make profit in dynamic random access memory (DRAM) industry.


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