PANews October 19 news: South Korea's financial regulator said on Monday that if Solidigm, the U.S. subsidiary of SK Hynix, proceeds with an listing, it may violate restrictions on "dual listing." Lee Chan-jin, governor of the Financial Supervisory Service of South Korea, said that the South Korean regulator is examining whether Solidigm would need to undergo review under South Korean domestic regulations if it conducts an IPO in the United States. When asked how the regulator would protect the interests of minority shareholders of the parent company SK Hynix if Solidigm lists, Lee Chan-jin replied: "We have been closely monitoring this matter... Both the Financial Services Commission and we believe that this constitutes a violation of the regulations related to 'dual listing.'"
South Korea's financial regulator: SK's Solidigm listing in the U.S. may violate relevant regulations.
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