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News] SM Entertainment Artists To Become SM Entertainment Shareholders

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[News] SM Entertainment Artists to Become SMEntertainment Shareholders

SM Entertainment, one of Korea’s largest entertainment companies, has recently announced that it would be issuing approximately $881,000 worth of new shares for its artists. As a part of their capital increase through a third party allotment, SM Entertainment artists will become major shareholders of the company, thereby effectively owning a piece of their company.

On March 26th, SM Entertainment announced the plan through DART Financial Supervisory Service, which will provide SM artists Kangta, BoA, TVXQ, Super Junior, Girl’s Generation, SHINee, f(x), Go Ara, and more of approximately $881,000 worth of SM Entertainment stock.

SM Entertainment will issue 22,120 new shares of stock with each individual share valued at 44,550 won (approximately $39 – $40 USD) each.

Kangta, BoA, and most of the Super Junior and Girls’ Generation members will be receiving 680 shares each (value of around $27,200 for each member), while SHINee and f(x) members will be receiving 340 shares each (value of around $13,600 for each member).

SM Entertainment released a statement saying, “This capital increase represents a strengthening partnership between the company and its artists, and we hope that as shareholders, our artists will share and take part in the vision and growth of the company.”

They continued, “We are expecting a global growth of the company through this renewed partnership with the artists.”

Source & Image: Starnews via Nate
Credit: Allkpop

Momma Source: sharingyoochun.net

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NEWS Led by SNSD and TVXQ, SM’s Market Capitalization Is Reaching $1 Trillion Won

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[NEWS] Led by SNSD and TVXQ, SM’s Market Capitalization Is Reaching $1 Trillion Won

On November 22, SM’s share prices recorded an all-time high of 60,100 won. Using this day’s share prices as a gauge, SM’s market capitalization has reached $995.9 billion won, with the $1 trillion mark right before its eyes. To make up $1 trillion won, the share prices would have to reach 60,350 won, so there was only 250 won remaining. Recently, stocks related to the music industry have skyrocketed in value, with the current market capitalization of SM being able to easily pass the $1 trillion won mark on November 23.

In 2011 alone, SM’s share prices have skyrocketed by 220%. In early August last year, the share prices were languishing at around 20,000 won, but in the middle of August this year, the share prices have surpassed the 30,000 won mark. In September and October, the share prices recorded 40,000 won and 50,000 won respectively. Further, on November 22, the upper ceiling price broke the record by surpassing 60,000 won, resulting in a situation where the market capitalization is nearing $1 trillion won right before our eyes.

Source: newsen

Translated by: CTVXQstaff_mug_ping @ ContinueTVXQ.com

Distributed by: CTVXQstaff_mug_ping @ ContinueTVXQ.com

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[Our Source: iLoveTVXQ5.wordpress.com]

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