UNION J Co., Ltd. completed the acquisition of a 16.98% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ : A204630) from NSN Co., Ltd..
November 11, 2021
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UNION J Co., Ltd. agreed to acquire a 16.98% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ : A204630) from NSN Co., Ltd. (KOSDAQ:A031860) for KRW 15.4 billion on August 18, 2021. UNION J will pay KRW 3,080 cash per share to acquire 5 million shares, representing approximately 16.98% stake in Studio Santa Claus Entertainment Co. In a related transaction, SL Vionics Co., Ltd. (KOSDAQ:A214310) agreed to acquire an additional 4.2% stake in Studio Santa Claus Entertainment Co., Ltd. from NSN Co., Ltd. on August 18, 2021. The transaction is expected to close on September 17, 2021. As of September 17, 2021, the transaction is expected to close on October 15, 2021. The transaction expected closing date updated to October 12, 2021.
UNION J Co., Ltd. completed the acquisition of a 16.98% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ : A204630) from NSN Co., Ltd. (KOSDAQ:A031860) for on November 12, 2021.
Studio Santa Claus Entertainment Co Ltd, formerly Fleet Co Ltd, is a Korea-based company principally engaged in the management of entertainers. The Company is also engaged in making films, television (TV) series and original sound tracks (OSTs) of TV series, video contents and others. The Company distributes its products within domestic market and to overseas markets.