As the stock price of SM Entertainment exceeded 150,000 won ($113, Kakao’s tender offer is also put on hold following HYBE’s.
Tag: Kakao
Lee Soo Man Says It’s Illegal To Issue New Shares To Kakao+ Pledges To Take Legal Action
SM’s major shareholder Lee Soo Man said the SM board’s decision to issue new shares and convertible bonds to Kakao is illegal and will take legal action against it.
Kakao Becomes The Second Largest Shareholder Of SM Entertainment
Kakao (CEO Hong Eun Taek) will join hands with SM Entertainment to speed up its competitiveness in the music and content business.
