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