ザ・ネクスロックグループ, which describes itself as a Japan-affiliated investment group, and its affiliate SVCV were reported to be planning to acquire up to a 50% stake in JYP Entertainment and launch a tender offer as early as November. JYP shares surged shortly after the market opened on the 27th, while JYP said it had not received an acquisition proposal.
Shortly after the market opened on the 27th, JYP Entertainment's KOSDAQ-listed shares rose 9.44% from the previous day to begin trading at KRW 39,400, up KRW 3,400.
According to reports, the Japan-affiliated investment group NEXROC Group and its affiliate SVCV plan to acquire up to a 50% stake in JYP Entertainment next month and intend to launch a tender offer in November. The acquisition target is reportedly 25–50% of JYP's issued shares.
JYP Entertainment, however, officially denied having received an acquisition proposal.