SM Entertainment Japan lines up parent sale of 1.52% DearU stake, eyes ¥747mn gain
A consolidated subsidiary will sell 360,000 DearU shares, or 1.52%, to the Korean parent on July 27 at that day's Korean-market closing price, leaving the final economics floating until the close. On current assumptions the Japan-listed company expects about ¥747mn of special gain in consolidated results, but the figure remains provisional because both share price and exchange rate can still move.