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| 이수만 전 SM 총괄 프로듀서 |
[Alpha Biz=(Chicago) Reporter Kim Jisun] When HYBE acquired a stake in its largest shareholder, producer Lee Soo-man, it was found that it did not put on lock-up period.
As a result, 2.09 million shares held by HYBE have become overhangs (potential large-scale selling) that can come to the market at any time.
If HYBE sells stocks in large quantities on the market, individual investors are also concerned about the damage as stock prices are expected to plunge.
According to the financial investment industry on the 27th, HYBE acquired a 14.8% stake in Lee Soo-man (3,523,420 shares) and did not attach protection deposit conditions.
An official from the financial investment industry pointed out, "It is unusual for HYBE not to have a protective deposit even though it acquired the stake for the purpose of 'management participation'."
As a result, there are concerns that SM's stock price could fall further. HYBE participated in Kakao's public purchase of SM and sold about 1.65 million shares out of 3,757,287 shares, and the remaining 2.09 million shares became an overhang amount that could be on the market at any time.
An HYBE official said, "We have not decided on how to dispose of the remaining volume yet."
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
