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18 Artists and Actors of YG Entertainment to Be Shareholders of their Agency!

Lucky 18 artists of YG will become shareholders of their agency 18 of YG Entertainment artists and actors ar now shareholders of their agency. On April 8, YG Entertainment announced, "The largest shareholders, chief executive producer Yang Hyun Suk and CEO Yang Min Suk, transferred their preemptive stock rights of 81,400 shares to 18 of their agency artists and actors including Psy, Big Bang, and more.

Apr 8, 2014 12:29 PM BST
TAGㆍYG EntertainmentPSYBIGBANG
YG Family
(Photo : YG Entertainment)

18 of YG Entertainment artists and actors ar now shareholders of their agency.

On April 8, YG Entertainment announced, "The largest shareholders, chief executive producer Yang Hyun Suk and CEO Yang Min Suk, transferred their preemptive stock rights of 81,400 shares to 18 of their agency artists and actors including Psy, Big Bang, and more."

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This has been the first time that the shareholder with the largerst shares and the CEO of a domestic entertainment agency has given their preemptive rights of shares to their artists and actors.

A preemptive right is when a current shareholder has been given rights to purchase a portion of shares of a new issuance of stock, usually to preserve their original proportional ownership of the company.

Because of this, the 18 artists and actors has an opportunity to take more direct contact in the business aspect and advancement of the agency.

TagㆍYG EntertainmentPSYBIGBANG

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