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| 출처=연합뉴스 |
[Alpha Biz=(Chicago) Reporter Kim Jisun] Hybe announced that it is considering acquiring a stake in SM Entertainment (hereinafter referred to as SM), which is in a management dispute.
Hybe replied to a request for an inquiry by the Korea Exchange on the 9th, "We are continuously reviewing the acquisition of shares, including the public purchase of SM's shares, and there is nothing confirmed at the moment." He added, "We will re-announce the details within a month or when they are finalized in this regard."
In SM, general producer Lee and current management are currently in a management dispute with Kakao. SM's board of directors decided on July 7 to issue 1.23 million new shares (worth 111.9 billion won) and 1.14 million convertible bonds (worth 105.2 billion won) to Kakao through a third-party allocation paid-in capital increase. As a result, Kakao secured a 9.05% stake in SM and became the second-largest shareholder.
General producer Lee currently holds a 18.46% stake in SM, and if SM makes a paid-in capital increase and exercises convertible bonds, its stake will fall to 16.78%. In response, general producer Lee has submitted an injunction to the court to ban SM from issuing new shares and convertible bonds, calling it an "act made without the consent of its largest shareholder."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
