SM C&C surges 55% in 3 days... Impact of SM stake acquisition battle

[Asia Economy Reporter Park Jihwan] On the 5th, SM C&C's stock price is showing a strong performance.

As of 10:56 AM on the day, SM C&C recorded 6,230 KRW, up 3.83% (220 KRW) compared to the previous day. SM C&C's stock price has been rising for four consecutive trading days. The stock price increase rate over the past three days exceeds 55%.

This stock price rise appears to be influenced by reports that Kakao Entertainment, CJ, and HYBE participated before SM Entertainment's acquisition of shares. The sale target is 18.73% of shares held by Lee Soo-man, the largest shareholder and executive producer of SM Entertainment.

SM C&C's main business includes the production and distribution of video content such as movies and TV programs.