JYP Entertainment side dismisses reports of Japanese investment group acquiring stake: "We have never reviewed a proposal" [Official]

*This content was translated by AI.View Original

JYP Entertainment (hereinafter JYP) once again denied reports that a Japan-based investment group had proposed to acquire a controlling stake in the company.

Through an official statement on the 29th, JYP stated, "Even after we disclosed on the 27th that 'we have not received any proposals regarding the acquisition of our shares,' we have neither received nor reviewed any formally valid proposal document related to an acquisition offer."

Regarding the email that NEXROC claimed to have sent, JYP explained, "It was confirmed through our mail service provider that the email did not reach us and was forcibly blocked because it was classified as 'obvious spam,' a category for which we cannot verify receipt records, as it failed to meet our security policy's sender reliability criteria."

Previously, NEXROC and SVCV Co., Ltd. issued press releases to some media outlets announcing that they were considering a plan to make a public tender offer for 25% to 50% of JYP's issued shares. They also conveyed plans to add a 30% control premium on top of the reference share price.

In response, JYP side rebutted, "We have not received any proposal for a stake acquisition."

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*This content was translated by AI.View Original