GMM Music Public Company Limited entered into the Share Sale and Purchase Agreement to acquire an additional 49% stake in YGMM CO., LTD from YG Entertainment Inc. (KOSDAQ:A122870) for THB 47.6 million on November 12, 2025. A cash consideration of THB 47.61 million will be paid by GMM Music Public Company Limited. As part of consideration, THB 47.61 million is paid towards common equity of YGMM CO., LTD. Upon completion, GMM Music Public Company Limited will own 99.99% stake, Fahmai Damrongchaitham will own a 1 share, Phawit Chitrakorn will own a 1 share and Janegira Janevakornvong will own a 1 share in YGMM CO., LTD. The transaction will be financed through Working capital of GMM Music of THB 47.61 million. In related transaction, YG Entertainment entered into the Share Sale and Purchase Agreement to acquire 0.2075% stake in GMM Music from GMM GRAMMY Public Company Limited.
GMM Music expects the Acquisition of Shares in YGMM to be completed within Q4/2025, subject to the successful fulfillment or waiver of the conditions precedent stipulated in the Share Purchase Agreement in YGMM by the relevant contracting parties.
GMM Music Public Company Limited completed the acquisition of an additional 49% stake in YGMM CO., LTD from YG Entertainment Inc. (KOSDAQ:A122870) on November 20, 2025.
YG Entertainment Inc is a Korea-based company principally engaged in the entertainment business. The Company engages in the production and sale of music records, management of artists, discovery and training of new artists, production of concerts. The Company is also engaged in the manufacture and sale of merchandise (MD) and cosmetics, and the production of advertisements. The Company operates its business in domestic and overseas markets.
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