Star Plus Legend Holdings Limited (6683) published a supplemental announcement regarding the subscription of limited partner interest in an industry fund with total capital commitments of US$50 million. The fund is managed by an entity wholly owned by Dr. Qian, the company’s chief executive officer. According to the announcement, the group has contributed US$8 million, representing 16% of the total interest. The remaining interest is held by two independent third parties.

The industry fund was the lead investor in Galaxy Corporation Co., Ltd.’s pre-IPO financing, subscribing for no more than 7% of Galaxy’s issued share capital. Galaxy is a Korea-based talent management company overseeing well-known artists and content production. Star Plus Legend’s management highlighted the potential synergies between the group’s IP-related operations and the industry fund’s portfolio, noting that the arrangement may facilitate co-production deals, licensing, and other collaborative opportunities.

The company also emphasized that its capital contribution aligns with its risk tolerance, given the group’s overall financial position and plans. Oversight arrangements are in place to monitor the investment’s performance, and reports are scheduled to be provided to Star Plus Legend’s management semi-annually. Although discussions are underway regarding collaborations with Galaxy, there is no definitive agreement as of this announcement. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.