JYP Entertainment has stated it has not received any formal proposal to acquire more than a quarter of its shares, pushing back on speculation that has circulated in South Korean financial markets. The denial comes after the country’s Financial Supervisory Service issued a warning to investors about the rumored deal.
The regulator said it would launch an investigation if it detects signs of unfair trading tied to the speculation. No details have emerged about who might be behind the reported proposal or what prompted the market chatter.
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