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HYBE Confirms Company Is Contemplating Buying Shares In SM Leisure

HYBE could also be buying shares in SM Leisure!

On February 9, HYBE confirmed, “We’re persevering with to overview issues associated to the acquisition of shares, together with a young provide relating to SM’s shares. On the time of this assertion, nothing has at present been confirmed.”

HYBE added, “Sooner or later, we’ll re-disclose when particular particulars relating to this are confirmed, or inside a month.”

Earlier this week, Kakao acquired 9.05 % of SM Leisure’s shares. This resulted in Kakao turning into the second-largest shareholder in SM and the signing of a three-way enterprise contract between Kakao, Kakao Leisure, and SM.

Nonetheless, SM’s founder Lee Soo Man has objected to this choice by the board of administrators and can be taking authorized motion towards the company.

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