Jump to content

SM's Stock Prices Plummet Following News of Luhan’s Lawsuit


Recommended Posts

As soon as news of EXO’s Luhan filing a lawsuit against SM Entertainment was made known to the public, the company’s stocks have taken a big hit. In a matter of 15 minutes following the reports of Luhan’s lawsuit, the company’s shares fell 3,100 won from 36,150 won to 33,050 won. This drop resulted in a loss of 64 billion won (approx. 60 million USD), setting SME at an all-time low since a year ago. This is not the first time that SME’s stocks have plummeted this year. With Kris (Wu Yi Fan) having filed a lawsuit to nullify his contract with SME in May of this year, as well as Jessica leaving Girls’ Generation not too long ago, the label has seen a continuous drop in its stocks, without much time for recovery. See also: [Breaking] EXO’s Luhan Reported to Have Filed a Lawsuit Against SM Entertainment EXO’s Lay Sends Message of Support to Luhan Through His Weibo

View the full article

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Important Information

By using this site, you agree to our We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue..