Alphabiz - Align Partners said that we had invested in SBS but had no plans for shareholder action

This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology

SBS 목동 사옥 (사진=연합뉴스)

[Alpha Biz=(Chicago) Reporter Paul Lee] Align released a statement on the 21st and said, "We are investing some of our shares in SBS through a fund operated by Align."

However, Align emphasized, "Unlike SM and bank stocks, there is no plan to conduct an open shareholder campaign related to SBS's regular shareholders' meeting."

Earlier on the 19th, a media outlet reported that Align has set the next target of shareholder action as SBS and is discussing ways to resolve stock price undervaluation with management.

Since then, the market has predicted that Align could take shareholder action at the SBS shareholders' meeting to be held next month. Along with this, the stock price of SBS also jumped. On this day, SBS's stock price was 46,500 won (closing price), up 14.96% from 40,450 won (closing price on the 17th) before the first report.

 

Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)