27 Oct 2026 08:52AM (Updated: 27 Oct 2026 09:15AM)
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)
Source: Reuters
Source: CNA
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