KUKE Announces Purchase Terms With Naxos One
KUKE Announces Purchase Terms With Naxos One
BEIJING, May 24, 2024 (GLOBE NEWSWIRE) -- Kuke Music Holdings Limited ("Kuke" or the "Company") (NYSE: KUKE), the leading classical music service platform in China, is pleased to announce that on May 24, 2024, it has signed a non-binding term sheet (the "Term Sheet") with Naxos One Holding Limited ("Naxos One"), a limited liability company incorporated under the laws of the British Virgin Islands. The Term Sheet contemplates that Kuke will acquire a majority stake in two of the controlled subsidiaries of Naxos One, Angelina Assets Limited and HNH International Limited, the holding companies of the Naxos Music Group, a world-leading classical music brand and one of the largest distributors of independent classical record labels in the world (the "Naxos Group"). A director of Kuke is the controlling shareholder of Naxos One.
北京，2024年5月24日（环球新闻专线）——中国领先的古典音乐服务平台库克音乐控股有限公司（“KUKE” 或 “公司”）（纽约证券交易所代码：KUKE）欣然宣布，它已于2024年5月24日与注册成立的有限责任公司纳克索斯一号控股有限公司（“纳克索斯一号”）签署了不具约束力的条款表（“条款表”）英属维尔京群岛的法律。条款表设想，库克将收购纳克索斯一号的两家控股子公司安吉丽娜资产有限公司和HNH International Limited的多数股权。纳克索斯音乐集团是世界领先的古典音乐品牌，也是全球最大的独立古典唱片公司发行商之一（“纳克索斯集团”）。库克的董事是纳克索斯一号的控股股东。
The closing of the acquisition will be subject to entering into definitive agreements and the satisfaction of customary conditions, including Kuke's satisfaction with its due diligence regarding Naxos Group, and there is no assurance such transaction will be completed.
收购的完成将取决于最终协议的签订和惯例条件的满足，包括库克对纳克索斯集团的尽职调查是否满意，而且无法保证此类交易会完成。