IN BRIEF (Page 17)
China Daily | Updated: 2008-12-24 08:06
Cash injection for Hynix
Nine creditors of South Korea's Hynix Semiconductor said yesterday they have agreed on a plan to pump 800 billion won ($599 million) of fresh capital into the money-losing company.
The assistance will consist of 500 billion won ($374 million) in new loans from early January, according to a statement from Korea Exchange Bank, one of the creditors.
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