(Photo=HYBE)

 

[Alpha Biz= Reporter Paul Lee] HYBE has requested an investigation by the Financial Supervisory Service, alleging that Vice President ADOR sold HYBE stocks using undisclosed information. In response, Vice President ADOR countered that the stock sale occurred before HYBE's audit and was done to secure funds for a down payment on a house.

Vice President S reportedly sold all 950 shares of HYBE stock, valued at 20 million won, on April 15th, using undisclosed information.

This sale allegedly took place one day before HYBE executives, including CEO Min Hee-jin, sent a so-called 'second email,' raising various suspicions such as HYBE's management issues and discriminatory treatment by Adoor. The claim suggests that the stocks were sold in anticipation of a drop in HYBE's stock price.

However, representatives from the Adoor side argue that the timing of the stock sale by HYBE is not convincing evidence, and the purpose of the sale is clear.

 

 

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