HYBE Stock Rocked by ADOR CEO Controversy, Spotify Shares Hit Highest Mark in Three Years ...Middle East

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HYBE Stock Rocked by ADOR CEO Controversy, Spotify Shares Hit Highest Mark in Three Years
HYBE was rocked by controversy this week after an audit of one of its subsidiary labels, ADOR, allegedly revealed that the label’s CEO, Min Hee-jin, “deliberately led the plan to take over management control of the subsidiary,” according to a statement sent by the company on Thursday (April 25). Shares of HYBE fell 7.8% on Monday (April 22) and ended the week down 12.6% to 201,500 won ($146.22). HYBE later reported Min, who owns an 18% stake in ADOR, to the police for “breach of trust and other allegations” and asked her to step down, it said in the April 25 statement. The dispute added to HYBE’s losses at a time wh

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