Japanese Investment Group's Hostile M&A Bid? JYP Shares Surge 10% [Star Issue]

*This content was translated by AI.View Original

JYP Entertainment (hereinafter JYP) saw its stock price surge amid the issue of a Japanese investment group acquiring shares.

According to Korea Exchange on the 27th, as of 10:30 a.m., JYP's stock was trading at 39,600 won, up 3,600 won (10%) from the previous day. JYP's stock had even risen to 44,000 won in the after-hours market the previous day.

In this regard, JYP stated, "We have not received any proposal regarding the acquisition of our shares."

Previously, Japanese-affiliated investment group NEXROC Group and SVCV Co., Ltd. announced their plan to proceed with acquiring a stake in JYP at a level sufficient to secure management control, stating that the two companies are reviewing procedures with the goal of launching a public tender offer on November 20.

Their acquisition target is 25% to 50% of JYP's issued shares, a quantity exceeding the combined ratio of Park Jin-young, Chief Creative Officer, and his related parties, which stands in the 15% range. It is also reported that before the public tender offer, they plan to confidentially deliver an expression of intent to acquire to JYP, negotiate for 30 days, and if no agreement is reached, decide on whether to proceed with the public tender offer and its specific terms, followed by an additional announcement.

If a public tender offer is actually pursued and JYP moves to defend its management control, it is also predicted that the situation could escalate into a shareholding competition.

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*This content was translated by AI.View Original