JYP Entertainment has denied receiving any proposals regarding a potential acquisition of its management rights, despite reports that a Japanese investment group is planning to acquire a significant stake in the company.
According to a report by YTN on October 26, the NEXROC Group and SVCV Corporation announced they are reviewing procedures to initiate a public offering on November 20.
The two companies aim to acquire between 25% and 50% of JYP's issued shares, which would exceed the current ownership stake of approximately 15% held by JYP's Chief Creative Officer Park Jin-young and related parties. This move is seen as a step toward securing management control.
They are considering a public offering price that includes a 30% premium over the base stock price, with details on the pricing method and final purchase price to be determined later.
Additionally, prior to the public offering, the companies plan to submit a non-disclosure letter of intent to JYP and engage in a 30-day negotiation period. If no agreement is reached during this time, they will make a final decision on whether to proceed with the public offering and its specific terms.
The two companies aim to expand their investment portfolio in the Asian culture and entertainment sector through this acquisition.
Meanwhile, JYP Entertainment has officially stated, "We have not received any proposals regarding the acquisition of our shares."
* This article has been translated by AI.
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