BTS members sell all of their HYBE stocks?
On November 17, a now-deleted news report went viral in which a media outlet stated that all seven members of BTS had sold all of their HYBE stock.
The news caused widespread confusion as many wondered what that would mean for the seven members who had just recently all signed new contracts with HYBE.
"All members sold their Hybe shares on stock market on September 20th"
"As a result, all BTS members is out of affiliated relationship(특별관계) with Hybe."
Interesting article. 👇
Now the company stans will not be able anymore to use the lame excuse: "BTS own B*gH*t" https://t.co/k7UtaJSQYZ
— Fe.D.G (@DavyWer) November 17, 2023
i need y'all to wash y'all asses bc even if bts sold their stock how does that correlate to fan experience…. like who fucking cares 😭 you people are losers who need lives bc WHAT
— rwt film in theatres 12/1 – GOLDEN ERA HO! ⁷ (@jikooksexygf) November 17, 2023
This is investors coment under Hybe
stock price status on naver Hybe investors forum..
They said: netmarbles is sold, BTS is sold, Bang shi Hyuk is
And yess, netmarble sold their shares in Hybe : 6%, 2.5M
But what did they mean with BTS is sold..??? pic.twitter.com/GgZUiw2MRz
— Pjm_Morocco 🇲🇦 (@MoroccoJm) November 17, 2023
As the confusion escalated, HYBE clarifed the situation. In a report, Yonhap News revealed that BTS member did not sell their positions but that their special designation as shareholders had ended.
In a statement, HYBE revealed that the group members had not sold their stock but simply that their “Special status” as shareholders had ended.
The members did not sell their stocks. It just means that their shareholder contract with Bang Si Hyuk has ended and thus will no longer be considered special related parties. This has nothing to do with stock sales or changes in the stock.
Stay tuned for updates.