Kuke Music Holding Ltd. Acquires Controlling Interest in Naxos Music Group in $106 Million Share Deal
Kuke Music Holding Limited $(KUKE)$, a leading classical music services platform in China, has announced the acquisition of a controlling interest in Naxos Music Group, one of the world's largest independent classical music companies. According to Kuke, the deal was completed through two transactions involving Naxos One Holding Limited and Desun Holding Limited. The company issued a total of 661,392,939 Class A ordinary shares as consideration, valued at US$0.1608 per share, based on the average closing price of Kuke's ADSs for the 60 trading days prior to September 17, 2025, with a 30% discount. Kuke confirmed that all relevant shareholder rights, including preemptive and tag-along rights, expired without being exercised, allowing the transaction to proceed as planned.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kuke Music Holding Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9535546-en) on September 25, 2025, and is solely responsible for the information contained therein.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.