US EditionLee Soo Man Sells All His Remaining SM Entertainment Shares To HYBE
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Lee Soo-man sells entire stake in SM for 1.043 trillion won...offers put option to Hybe.
Jay Chou sells all shares of SM Entertainment. HYBE announced on the 28th that it has acquired an additional 8,689,480 shares (3.68%) of SM Entertainment for 104.2 billion 730 million won. The price per share is 12 million won, which is about 50% higher than the closing price of 7,950 won on the 28th. Jay Chou owned all the SM shares.
·Seoul, Korea, Republic of
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