Suning Universal Media Co., Ltd. completed the acquisition of 11.36% stake in FNC Entertainment Co., Ltd. from Han Seong Ho, Han Seunghoon and Kim Sooil.
December 23, 2015
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Suning Universal Media Co., Ltd. agreed to acquire 11.36% stake in FNC Entertainment Co., Ltd. (KOSDAQ:A173940) from Han Seong Ho, Han Seunghoon and Kim Sooil for KRW 21.8 billion on November 24, 2015. Suning Universal will acquire 1.4 million shares at an offer per share of KRW 15,200. Simultaneously, Suning Universal will subscribe 1.7 million new shares of FNC Entertainment at price of KRW 19,543 per share.
Suning Universal Media Co., Ltd. completed the acquisition of 11.36% stake in FNC Entertainment Co., Ltd. (KOSDAQ:A173940) from Han Seong Ho, Han Seunghoon and Kim Sooil on December 24, 2015.
FNC ENTERTAINMENT Co., Ltd. is a Korea-based company principally engaged in the entertainment business. The Company operates its business through five divisions: concert division, merchandising division, music division, management division and other business division. Its concert division engages in the planning, production and operation of concerts. Its merchandising division engages in the distribution of souvenirs and accessories about artists. Its music division involves in the planning, production and distribution of phonograph records and provision of sound sources. Its management division involves in the broadcasting, and provision of dramas and advertising services. Its other business division involves in the operation of fan clubs.
Suning Universal Media Co., Ltd. completed the acquisition of 11.36% stake in FNC Entertainment Co., Ltd. from Han Seong Ho, Han Seunghoon and Kim Sooil.
FNC ENTERTAINMENT CO., LTD. 
