South Korean juggernaut BTS members, Jin, J-Hope and RM, have offered shares of their administration company HYBE, realizing earnings price round 10 billion gained ($8.49 million/Rs. 63 crore) within the final two months, based on the corporate’s announcement on DART, the Financial Supervisory Service’s digital disclosure board, on December 2.
According to an in depth reported in The Korea Herald, three members of BTS dumped a complete of 9.95 billion gained price of shares throughout common buying and selling classes, which have been gifted from the company forward of its market debut on South Korea’s most important board Kospi market in October in 2020. As per the report, Jin offered 16,000 frequent shares at 302,688 gained on October 19; J-Hope offloaded 5,601 frequent shares at 332,063 gained three days after. RM, the chief of group, cashed in probably the most quantity of features by dumping his shares seven instances from October 13 to November 9. The member’s lowest and highest promoting costs have been 282,500 gained and 381,750 gained, respectively, through the buying and selling classes of October 13 and November 9.
HYBE founder and Chairman Bang Si-hyuk evenly distributed 478,695 frequent shares of the company to the seven members a month earlier than the corporate went public. The reward was a token of the long-term partnership between the corporate and the artists, based on HYBE. By proudly owning 68,385 frequent shares every, the members’ particular person gifted shares have been valued at practically 9.2 billion gained on the time.
The company’s inventory had been trapped between the 200,000 gained and 300,000 won-mark within the latter half of this yr however the shares began exhibiting an upward pattern from mid-October, spurred by the information that the boy group’s offline concert events would resume. The agency refreshed its 52-week excessive of 421,500 gained throughout intraday buying and selling on November 17. The shares of HYBE closed at 330,000 gained Thursday, down 6.38 % or 22,500 gained, from the earlier session’s shut. Based on the inventory’s closing worth, the worth of inventory held by the group’s members Suga, Jimin, V and Jungkook stood at 22.6 billion gained every. The valuation of J-Hope and RM’s shares price 20.7 billion gained and 19.1 billion gained, whereas Jin’s inventory worth got here to 17.3 billion gained.
Meanwhile, BTS won’t be able to attend the 2021 Mnet Asian Music Awards scheduled for December 11, because of the newest change within the Korean authorities’s quarantine guidelines, carried out to curb the unfold of the omicron variant of COVID-19. Instead, the group will seem in a short video message for its followers, based on an official of Mnet, the cable channel that hosts the annual occasion.
The septet is required to endure a 10-day obligatory self-quarantine upon coming back from Los Angeles the place it held its first in-person concert events, “Permission to Dance on Stage,” in two years.
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