SK Hynix is said to plan $12B special dividend from Kioxia investment (SKHY:NASDAQ)

SK Hynix (SKHY) is preparing to distribute approximately 16 trillion won ($12 billion) to shareholders through a special dividend funded by gains from its investment in Japanese memory-chip maker Kioxia Holdings (KXIAY)(KXHCF), South Korea’s DongA Ilbo newspaper reported Monday.

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