koreaherald.com

Hybe Chairman Bang Referred to Prosecutors Over Alleged IPO Trading

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Sig4.34Sen-5.58Env0.00Soc-0.97Gov-7.50

Hybe Chairman Bang Si-hyuk was referred to prosecutors without detention along with four others over allegations of fraudulent trading tied to Hybe’s 2020 IPO, police said. Investigators allege they misled existing shareholders in 2019 about plans for a listing while preparations were underway and that filings complied with the Capital Markets Act violations. A court preserved alleged gains; Bang denies wrongdoing.

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