Japanese investment group to acquire JYP shares? "We have not received any related proposal" [Official]

*This content was translated by AI.View Original

JYP Entertainment (hereinafter JYP) addressed the speculation regarding a share acquisition.

On the 26th, JYP told StarNews, "We have not received any proposal regarding the acquisition of our shares."

Earlier that same day, YTN reported, "The Japanese-affiliated investment group NEXROC Group and SVCV Co., Ltd. announced their plan to pursue the acquisition of JYP shares at a level sufficient to secure management control."

In fact, the two companies distributed a press release on the same day, stating that they are reviewing procedures with the goal of commencing a public tender offer on the 20th of next month.

According to YTN, the acquisition target of the Japanese-affiliated investment group is 25% to 50% of JYP's issued shares. This quantity exceeds the combined shareholding ratio of Park Jin-young, Chief Creative Officer, and related parties, which stands in the 15th% range.

In this regard, YTN explained, "Prior to the public tender offer, we will confidentially deliver a letter of intent to acquire shares to JYP. If no agreement is reached after 30 days of negotiations, we plan to decide whether to proceed with the public tender offer and determine specific conditions for an additional announcement."

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*This content was translated by AI.View Original