redemption

not a stock conversion

[+4,946, -57] Naver is their 2nd largest shareholder though so Yang Hyun Suk will never be investigated... [+2,052, -66] Honestly businesses like YG that have no social awareness need to be put out of business...they can adversely affect society if they don't fulfill their corporate social responsibilities... [+1,059, -19] Are you kidding? Naver is their 2nd largest shareholder and they'll never want to mess with the national pension...just by looking at that alone you can imagine the result.. [+919, -50] Things wouldn't have gotten this bad if he didn't debut with Seo Taiji..Yang Hyun Suk is just a natural born thug.. [+712, -15] The most angry ones are the shareholders of the National Pension.. [+171, -0] YG accounts for 5.5% of the national pension...the public's blood must be boiling right now.. [+72, -1] Why our national pension invests in such a trash company is insane!! Just collect all of it at this point and invest it in growing industries and corporations instead.. [+65, -2] They'll go broke soon..just wait..don't even think about coming out on TV!! [+60, -2] They have a lot of luxury sponsors so they'll just pimp out all their artists.. [+37, -2] Isn't this bankruptcy??.. [+31, -2] Time to close the pharmacy's doors!! [+29, -1] Big Bang are the ones that fed them though..

: Maeil Businessis reportedly preparing to repay the 67 billion won investment from Louis Vuitton Moe Hennessy (LVMH).According to sources, YG is preparing to make the payment using their own cash flow as they're having difficulties converting their own stock due to the recent stock price plunge. The reason for this difficulty is because of YG's declining stock price of over 40% in 6 months as a result of the ongoing prostitution scandal and tax investigations involving its former executive,as well asinvolving artist andmember '.'YG Entertainment received a total of 61.15 billion won from Louis Vuitton in October 2014 with a promise to convert the shares to stock or cash 5 years later. The 135,99688 shares will be converted at a price of 44,400 won. If LVMH chooses not to convert the shares and requests a repayment, YG will have to repay 67 billion won plus 2% annual interest.According to an investment banking (IB) expert on the 11th,He stated,According to the IB officialYG Entertainment has stated that even though they're required to pay back this investment this will not affect the company's financial condition.Stay tuned for updates.