SEOUL : A South Korean court accepted on Friday an injunction filed by SM Entertainment founder Lee Soo-man against the acquisition of SM shares by Kakao Corp, blocking its bid to own a 9.05 per cent stake in the K-pop agency, Lee's lawyer said. The court's decision could help pave the way for HYBE,
SEOUL : A South Korean court accepted on Friday an injunction filed by SM Entertainment founder Lee Soo-man against the acquisition of SM shares by Kakao Corp, blocking its bid to own a 9.05 per cent stake in the K-pop agency, Lee's lawyer said.
The court's decision could help pave the way for HYBE, the agency of K-Pop supergroup BTS, to take over SM, which has for years been one of the big three K-pop powerhouses. HYBE has already secured a 15.8 per cent stake in SM and is seeking to acquire more shares through a tender offer bid. SM's current management have called the takeover attempt hostile and has sought to team up with Kakao to pursue various businesses.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Korea’s embattled chip industry: Korea HeraldThe paper says the government needs to seek ways to minimise the negative impacts of the US government’s export control policy. Read more at straitstimes.com.
Read more »
Lee Hsien Yang, wife Lee Suet Fern under police investigation for lying in judicial proceedings about Lee Kuan Yew's willSINGAPORE — Mr Lee Hsien Yang and his wife, lawyer Lee Suet Fern, are being investigated by the police for potential offences of giving false evidence in judicial proceedings over Singapore’s founding Prime Minister Lee Kuan Yew’s will.
Read more »
Lee Hsien Yang, wife Lee Suet Fern under police investigation for lying in judicial proceedings about Lee Kuan Yew's willMr Lee Hsien Yang and his wife Mrs Lee Suet Fern have left Singapore and remain out of the country during the police's investigations, says Senior Minister Teo Chee Hean.
Read more »
Lee Hsien Yang, Lee Suet Fern face police probe for lying under oath about Lee Kuan Yew’s willThe police have told them that necessary steps would be taken to complete the investigations in their absence. Read more at straitstimes.com.
Read more »
'An elaborate edifice of lies': Police probe Lee Hsien Yang and Lee Suet Fern for lying under oath about Lee Kuan Yew's willSINGAPORE – The police have opened investigations into Mr Lee Hsien Yang and his wife Lee Suet Fern for potential offences of giving false evidence in judicial proceedings, Senior Minister Teo Chee Hean told Parliament on Thursday. The couple have left Singapore after refusing to go for a police interview which they had initially agreed to attend, Mr Teo said...
Read more »
Police investigating Lee Hsien Yang and wife for allegedly giving false evidence: Teo Chee HeanHere's why Lee Hsien Yang and his wife Lee Suet Fern are being investigated by the police in judicial proceedings over the late Lee Kuan Yew's will.
Read more »