JYP again denied reports by Korean media that it would be acquired by a Japan-based investment company. It said claims that it had received or considered a proposal were entirely unfounded, while reports indicated conflicting positions between the two companies regarding an email and that the tender offer was at the planning stage.
JYP again denied reports that it would be acquired by a Japan-based investment company, explaining that there had been no receipt or consideration of a valid proposal as of the present time. The article focuses on whether a proposal existed and the status of any consideration.
Reports said the two companies had conflicting positions over the receipt and consideration of the proposal. Exchanges concerning an email were cited as an area where their explanations differed.
The tender offer was reportedly at the planning stage, with no details disclosed regarding a specific launch date or terms.
Financial regulators were reportedly closely monitoring whether there had been any unusual trading, and reports indicated that market surveillance related to developments surrounding the acquisition rumors was continuing.