The two companies will exchange shares through a third-party allotment capital increase, according to the announcement. Hybe will acquire a 2.5% stake in Dunamu worth KRW 500 billion ($423 million), while Dunamu will buy KRW 700 billion of newly issued Hybe shares, which represent a 5.6% stake in the music agency.
Related posts
-
crypto will get positive regulation ‘no matter who wins’ election
Galaxy Digital founder and CEO Mike Novogratz told CNBC’s ‘Squawk Box’ on Tuesday that the US... -
Sony Group Planning Launch of Crypto Exchange With Acquisition of Amber Japan: Report
Japanese conglomerate and consumer electronics giant Sony Group is reportedly preparing to unveil a crypto exchange... -
Latam Insights Encore: The Bolivian Opportunity for Crypto After Its Unbanning
Welcome To Latam Insights Encore, a deep view of...