SK hynix effectively becomes Kioxia’s top shareholder

SK hynix has effectively secured the position of the largest shareholder in Japanese NAND flash maker Kioxia Holdings after a special-purpose company it invested in overtook Toshiba as the chipmaker’s top shareholder. According to a filing Kioxia submitted to the Tokyo Stock Exchange on Monday, Toshiba cut its stake to 14.12 percent, or 77.04 million shares, as of Aug. 3, from 14.48 percent, or 79.03 million shares. BCPE Pangea Cayman2, a Bain Capital-affiliated special-purpose company, meanwhil