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Kioxia Says Investment Vehicle for SK Hynix Is Top Shareholder

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Kioxia Says Investment Vehicle for SK Hynix Is Top Shareholder Kioxia Holdings Corp.’s biggest shareholder is an investment vehicle that holds shares claimed by rival SK Hynix Inc. The flash memory maker’s former parent, Toshiba Corp., has trimmed its stake in Kioxia to around 14.12%, down from 14.48%, as of Aug. 3, Kioxia said in a statement Tuesday. That makes BCPE Pangea Cayman2, a company set up by Bain Capital, the Japanese chipmaker’s top shareholder with a 14.19% stake, it said.

Kioxia Says Investment Vehicle for SK Hynix Is Top Shareholder Kioxia Holdings Corp.’s biggest shareholder is an investment vehicle that holds shares claimed by rival SK Hynix Inc. The flash memory maker’s former parent, Toshiba Corp., has trimmed its stake in Kioxia to around 14.12%, down from 14.48%, as of Aug. 3, Kioxia said in a statement Tuesday. That makes BCPE Pangea Cayman2, a company set up by Bain Capital, the Japanese chipmaker’s top shareholder with a 14.19% stake, it said.
Kioxia Holdings Corp.’s (ORG) SK Hynix Inc. (ORG) Toshiba Corp. (ORG) Kioxia (LOCATION) BCPE Pangea Cayman2 (ORG) Bain Capital (ORG) Japanese (ORG)
Originally published by Bloomberg Technology Read original →