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

SK hynix has effectively become Kioxia's largest shareholder after Toshiba's stake declined, though voting limits restrict management influence.

South Korea's SK Hynix holds bonds that can be converted into "substantially all" of the voting rights of BCPE Pangea Cayman2.