[Featured Stock] YG Plus Rises Strongly After Investment from BTS's Agency Big Hit
[Asia Economy Reporter Park So-yeon] YG Entertainment's (hereafter YG) subsidiary YG PLUS is showing strong performance. This is due to the announcement made the previous day that Big Hit Entertainment, the agency of BTS, held a board meeting and decided to make a total investment of 70 billion KRW in YG's subsidiary YG PLUS along with its subsidiary BNX.
As of 9:26 AM on the 28th, YG PLUS is trading at 8,220 KRW, up 670 KRW (8.87%) from the previous day.
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Big Hit acquired 4,864,565 shares of YG PLUS, and BNX acquired 6,486,085 shares. After the acquisition, Big Hit's stake in YG PLUS will be 7.7%, and BNX's will be 10.2%. The scheduled date for the stock acquisition is February 4.
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