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YG Entertainment president sells 5.71% stake for US$26m

July 15, 2016 - 16:26 By 황유미
[DISCLOSURE] YG Entertainment (122870) reported on July 15 that the stake of its president Yang Hyun-suk decreased to 17.62 percent as he has sold 669,715 shares (5.71 percent) to Shanghai Fengying Business Consultant Partnership and Tencent Mobility for 29.5 billion won (US$26.04 million) in an outside dealing on July 8.