Kreation Music Rights Co., Ltd. announced a private placement of 600,000 common shares at an issue price of KRW 5000 per share for gross proceeds of KRW 3,000,000,000 on March 4, 2026. The transaction included participation from returning investor, SM Entertainment Co., Ltd. to maintain its 100% stake in the company. The company issued shares through Shareholder allotment method.
The transaction has been approved by company's board of directors.
SM Entertainment Co Ltd, formerly S.M. Entertainment Co Ltd, is a Korea-based company engaged in the entertainment business. The Company mainly operates its business through three segments. The Entertainment segment is engaged in business such as production of albums and sound sources, appearances in broadcasting and advertisements, and celebrity management services. The Advertising segment is engaged in advertising agency and production. The Other segment is engaged in the businesses such as broadcasting program production and travel arrangements. The Company operates its business in domestic and overseas markets such as Japan, China, Thailand, and the United States.
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Investor
Investor
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Global
Global
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Quality
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ESG MSCI
ESG MSCI
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