Korean stock market
Morgan Stanley subsidiary takes 5% stake in JYP Entertainment stock
The asset management company explains its purpose for holding the shares is simple investment
By Aug 03, 2023 (Gmt+09:00)
1
Min read
Most Read
Seoul-backed K-beauty brands set to make global mark
Australian infrastructure offers compelling opportunity: QIC
Europe looms large as K-beauty brands look to blue ocean; shares rise
NPS to lift stock holdings to 55% by 2030, raising risk appetite
NPS logs 0.87% return from first-quarter investment
A Morgan Stanley-affiliated asset manager has bought more JYP Entertainment shares, raising its stake to more than 5 percent.
Asset management firm Morgan Stanley & CO International PLC disclosed on Thursday that it held a 5.04% stake in South Korea's JYP Entertainment, or 1.78 million shares, as of July 28.
Previously, the company had been buying and selling shares of JYP Entertainment for four days starting on July 24.
The company described its purpose for holding JYP Entertainment shares as "simple investment.”
Write to Eui-Myung Park at uimyung@hankyung.com
More to Read
-
Korean stock marketEcoPro, Hanwha Ocean, JYP among top MSCI inclusion candidatesJul 18, 2023 (Gmt+09:00)
3 Min read -
-
Mergers & AcquisitionsMorgan Stanley PE closes first Korean buyout in 8 yrsApr 06, 2022 (Gmt+09:00)
1 Min read -
Private equityMorgan Stanley to sell Jeonju Paper for around $803 mnMar 15, 2022 (Gmt+09:00)
2 Min read
Comment 0
LOG IN