JYP shares surge 18% in after-hours trading as Japan-based investment group reportedly considers acquisition

JYP Entertainment shares rose about 18% in after-hours trading. Japan-based investment group NEXROC and holding company SVCV are reportedly considering a tender offer (TOB) for JYP.

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The story

JYP shares rose about 18% from the previous day's closing price in the Korean Exchange after-hours market as of 19:40.

Japan-based investment group NEXROC and holding company SVCV are reportedly considering a tender offer (TOB) for JYP.

According to reports, procedures are underway to launch the tender offer on 20 November, with the acquisition ratio targeted at 25% to 50% of JYP's issued shares.

At a glance

Stock price trendJYP shares rose about 18% in after-hours trading.

Market TrendsA gain in the KRX after-hours market has been reported.

As ofThe movement as of 19:40 was confirmed.

Investment entityJapan-based investment group NEXROC and holding company SVCV are reportedly considering it.

Regulatory developmentsIt has been reported that a tender offer (TOB) for the shares is being considered.

Target sharesThe target acquisition ratio is 25% to 50%.

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