[Special Stock] HYBE Shares Drop 5% on News of 6% Stake Sale in Netmarble
On the 7th, HYBE's stock price showed weakness in the early trading session.
As of 9:35 a.m. that day, HYBE's stock price was trading at 216,500 KRW, down 4.84% compared to the previous close. This is interpreted as a reaction to the announcement that Netmarble would dispose of 250,000 shares (6%) of HYBE stock through an after-hours block deal. There are concerns that the stock price may decline if more shares are released into the market later.
The scheduled disposal date is the 9th. Accordingly, Netmarble's stake in HYBE will decrease from the existing 18.08% to 12.08%.
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Netmarble stated that the purpose of the stock disposal is to "secure liquidity."
This content was produced with the assistance of AI translation services.
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