Kuke Music Holding Enters Securities Purchase Deal For $1.1M 8.0% Convertible Note Due July 5, 2025; Issuance And Sale Of 950,000 American Depositary Shares
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Kuke Music Holding has entered into a securities purchase deal for a $1.1 million 8.0% convertible note due July 5, 2025, and the issuance and sale of 950,000 American Depositary Shares.
July 05, 2024 | 6:37 pm
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Kuke Music Holding has secured a $1.1 million deal involving an 8.0% convertible note due in 2025 and the issuance of 950,000 American Depositary Shares.
The deal provides Kuke Music Holding with additional capital, which can be used for growth and operational needs. The issuance of convertible notes and ADS can be seen as a positive move to strengthen the company's financial position.
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