Kangta sells his SM Entertainment stocks for a 91% return
Kangta sold his SM Entertainment stocks and earned a hefty 91% return.According to the Electronic Disclosure System of the Financial Supervisory Se…
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QuoteAccording to the Electronic Disclosure System of the Financial Supervisory Service, Kangta sold 2,200 SM shares (at 180 million KRW or 138,000 USD) on the market over two days from December 5 to December 6, with the selling price per share ranging from 81,500 KRW to 82,000 KRW (62 to 63 USD). Additionally, Kangta had secured 6,000 shares by exercising his stock options in July.
The stock options strike price at the time was 42,640 KRW (32.45 USD). Yielding a return of 91.42%, Kangta made a profit of 85.76 million KRW (65,560 USD) from the stock sale, and he kept 1,500 shares of SM stock.
