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K-pop agency JYP shares soar after little-known groups announce tender offer

SEOUL: Shares of JYP Entertainment, home to K-pop groups TWICE and Stray Kids, jumped more than 10% on Tuesday (Oct 27) after two little-known investor groups said they were preparing a tender offer for up to 50% of the company.

The Star MalaysiaReuters查看原文 ↗
韩国流行音乐经纪公司JYP股价飙升,此前一些名不见经传的组合宣布要约收购。

JYP Entertainment’s stable includes K-pop girl group TWICE. - Photo: JYP ENTERTAINMENT

SEOUL: Shares of JYP Entertainment, home to K-pop groups TWICE and Stray Kids, jumped more than 10% on Tuesday (Oct 27) after two little-known investor groups said they were preparing a tender offer for up to 50% of the company.

NEXROC Group and SVCV Inc plan to launch a tender offer in November for a 25% to 50% stake in JYP at a 30% premium to a benchmark share price, the Japan- and China-based groups said in a statement.

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