JYP Entertainment's shares rose 10% following reports of a potential tender offer from Japan's Nexroc Group and SVCV Inc., potentially acquiring up to a 50% stake valued at approximately 700 billion won. The company has not received a tender offer.
SEOUL, Oct 27 : South Korean pop music agency JYP Entertainment's shares rallied on Tuesday, jumping 10 per cent after Korean media reported Japan's Nexroc Group and SVCV Inc were planning to announce a tender offer to buy up to a 50 per cent stake in the company.
The 50 per cent stake is worth about 700 billion won ($528.04 million) based on JYP's current market capitalisation.
JYP said it has not received a tender offer.
Nexroc was not immediately available to comment.
($1 = 1,325.6500 won)
The North-South, East-West, Thomson-East Coast, and Circle lines will extend their services into the early hours of November 8. The last train on the North-South Line and East-West Line will depart from City Hall station at 12:30 am, while the last train on the Thomson-East Coast Line will depart at 12:12 am. The operating hours for 54 bus services will also be extended across the island, with some Jurong East buses leaving as late as 1:30 am.
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