111

19

News

Scooter Braun revealed to have sold 14.15 million USD in HYBE shares

AKP STAFF
Posted by Sophie-Ha Friday, June 2, 2023

On June 2, HYBE made an official announcement stating that Scott Samuel Braun (Scooter Braun), a registered executive, had sold 68,500 shares through off-hours trading. The unit price for the sale was 277,000 KRW (211.95 USD) per share, resulting in a total of approximately 18.495 billion KRW (14.15 million USD).


Following this notable transaction, Scooter Braun, the CEO of HYBE America, has trimmed his shareholding in the company by 0.16%, sliding from a previous stake of 1.03% to a current holding of 0.87%.

In a related disclosure on May 31, the Financial Supervisory Service Capital Markets Special Judicial Police announced that they had forwarded three individuals, including a team leader from HYBE, to the prosecution on suspicions of violating the Capital Markets Act.
It is conjectured that these individuals may have offloaded their shares using insider information in advance of unfavorable news concerning BTS's temporary hiatus from group activities.

  1. misc.
30 38,894 Share 85% Upvoted
 
Pisces97
Pisces9710,493 pts Friday, June 2, 2023 6
Friday, June 2, 2023

i dont know why but i feel that man sus after taylor swift incident.

47 (+53 / -6)
Share

6 more replies

 
yaya202
yaya2029,638 pts Friday, June 2, 2023 2
Friday, June 2, 2023

I don't like him..



19 (+21 / -2)
Share

2 more replies

SHOW ALL COMMENTS

allkpop in your Inbox

THE TOP 10 STORIES DELIVERED DAILY
fromis_9
Choo Young Woo, Ju Jihoon
Park Bo Young, Hyungsik
misc.
AHOF
Cha Eun Woo, Moonbin
Minho
fromis_9
misc.
Nana
Taeyang, G-Dragon, Rosé, J-Hope
aespa, Giselle
Cha Eun Woo, Moonbin
fromis_9
BLACKPINK, Jisoo
New Message

SEND