KUKE Announces Purchase Terms with Naxos One
Kuke Music Holding Limited American Depositary Shares, each representing one Ordinary Share (KUKE)
Company Research
Source: GlobeNewswire
BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited (“Kuke” or the “Company”) (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that on May 24, 2024, it has signed a non-binding term sheet (the “Term Sheet”) with Naxos One Holding Limited (“Naxos One”), a limited liability company incorporated under the laws of the British Virgin Islands. The Term Sheet contemplates that Kuke will acquire a majority stake in two of the controlled subsidiaries of Naxos One, Angelina Assets Limited and HNH International Limited, the holding companies of the Naxos Music Group, a world-leading classical music brand and one of the largest distributors of independent classical record labels in the world (the “Naxos Group”). A director of Kuke is the controlling shareholder of Naxos One. The closing of the acquisition will be subject to entering into definitive agreements and the satisfaction of customary conditions, including Kuke’s satisfac
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KUKE
News
- Kuke and Jidou Join Forces in the AI Music Market [Yahoo! Finance]Yahoo! Finance
- Kuke and Jidou Join Forces in the AI Music MarketGlobeNewswire
- Kuke Music Makes Initial Steps into AI Music Field [Yahoo! Finance]Yahoo! Finance
- Kuke Music Makes Initial Steps into AI Music FieldPR Newswire
- KUKE Announces Purchase Terms with Naxos One [Yahoo! Finance]Yahoo! Finance
KUKE
Sec Filings
- 5/24/24 - Form 6-K
- 5/15/24 - Form 20-F
- 4/30/24 - Form NT
- KUKE's page on the SEC website