SK Hynix ADRs and Local Shares Become Convertible on July 29
The convertibility event could open the door for arbitrage, potentially compressing the current 25%+ premium of SK Hynix's US ADRs over its Korean shares. An additional 22.5% of the US ADR stock, beyond the current 2.5%, can be converted.
SK HynixHeadwindThe convertibility event is expected to facilitate arbitrage, potentially compressing the 25%+ premium of SK Hynix's US ADRs over its Korean shares, indicating a negative impact on the ADR price.