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Posted by Susan-Han Friday, November 17, 2023

All 7 members of BTS have reportedly sold all of their HYBE Labels stocks, Bang Si Hyuk offloads 6.65%

AKP STAFF

According to one exclusive media outlet report on November 17 KST, the members of BTS have decided to sell all of their HYBE Labels stocks.

Information on stock exchange in South Korea is available through DART (Data Analysis, Retrieval and Transfer System). Based on a DART report revealed on November 14 KST, all seven members of BTS put their HYBE Labels stocks on the market in September of this year.

The selling amounts, calculated based on the closing price on September 20 (243,000 KRW), are approximately as follows. Jin sold approximately 12.7 billion KRW (52,385 shares), j-hope sold approximately 15.3 billion KRW (62,784 shares), RM sold approximately 14.1 billion KRW (58,000 shares), SUGA sold approximately 16.6 billion KRW (68,385 shares), Jimin sold approximately 16.6 billion KRW (68,385 shares), V sold approximately 16.6 billion KRW (68,385 shares), and Jungkook sold approximately 16.6 billion KRW (68,385 shares).

Furthermore, according to a shareholder report on stocks and other securities disclosed by HYBE on November 14, the label's chairman Bang Si Hyuk also decided to offload his ownership stake from 24,322,584 shares (58.07%) to 21,429,024 shares (51.42%), a decrease of 2,893,560 shares (6.65%).

HYBE Labels has yet to comment on the report. 

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  1. Bang Si Hyuk
  2. BTS
  3. V
  4. Jungkook
  5. Jimin
  6. Jin
  7. j-hope
  8. SUGA
  9. RM (Rap Monster)
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Lkjh
Lkjh78 pts Friday, November 17, 2023 1
Friday, November 17, 2023

They probably expect the value of the stocks to decrease once they are all enlisted, and this was the all time high price until they come back in 2025. nothing is happening, it was just a smart financial decision

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d4i5one
d4i5one484 pts Friday, November 17, 2023 7
Friday, November 17, 2023

It is a very smart move on their part as I'm guessing they made a profit out of it. It would be a lie for them to think that Hybe would be able to thrive as much as they do without BTS being active (plus some Seventeen's memeber the other powerhouse of the agency will have to enlist soon too) And since it won't be the case for about 3 or 4 years depending on how soon each member enlist the stock price might not drop but won't probably reach new heights.

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