SL Vionics Co., Ltd. completed the acquisition of an additional 4.2% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ : A204630) from NSN Co., Ltd..
November 11, 2021
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SL Vionics Co., Ltd. (KOSDAQ:A214310) agreed to acquire additional 4.2% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ:A204630) from NSN Co., Ltd. (KOSDAQ:A031860) for KRW 3.9 billion on August 18, 2021. SL Vionics will pay KRW 3,080 cash per share to acquire 1.251 million shares, representing approximately 4.2% stake in Studio Santa Claus Entertainment Co. Upon completion of the transaction, SL Vionics will own a total 12,680,317 shares, representing a 34.08% stake in Studio Santa Claus Entertainment Co. In a related transaction, UNION J Co., Ltd. agreed to acquire a 16.98% stake in Studio Santa Claus Entertainment Co., Ltd. from NSN Co., Ltd. for KRW 15.4 billion on August 18, 2021. The transaction is expected to close on September 17, 2021. The deal is expected to be completed by October 15, 2021. As of October 12, 2021, the deal is expected to be completed by October 12, 2021.
SL Vionics Co., Ltd. (KOSDAQ:A214310) completed the acquisition of an additional 4.2% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ : A204630) from NSN Co., Ltd. (KOSDAQ:A031860) 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.
SL Vionics Co., Ltd. completed the acquisition of an additional 4.2% stake in Studio Santa Claus Entertainment Co., Ltd. (KOSDAQ : A204630) from NSN Co., Ltd..