openPR Logo
Press release

NYSE: KUKE Announces Purchase Terms with Naxos One

05-31-2024 04:26 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Getnews

/ PR Agency: PRChoices

Beijing, China - May 31, 2024 - 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.

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.

About Kuke Music Holding Limited

Kuke is a leading classical music service platform in China encompassing the entire value chain from content provision to music learning services. By collaborating with its strategic global business partner Naxos, the largest independent classical music content provider in the world, the foundation of Kuke's extensive classical music content library is its unparalleled access to more than 900 top-tier labels and record companies. Leveraging its market leadership in international copyrighted classical music content, Kuke provides highly scalable classical music licensing services to various online music platforms, and classical music subscription services to over 800 universities, libraries, and other institutions across China. In addition, it has hosted Beijing Music Festival ("BMF"), the most renowned music festival in China, for 24 consecutive years. Through KUKEY, the Company's proprietary smart music learning solutions, Kuke aims to democratize music learning via technological innovation, bring fascinating music content and professional music techniques to more students, and continuously improve the efficiency and penetration of music learning in China.

For more information about Kuke, please visit https://ir.kuke.com.
Media Contact
Company Name: Kuke Music Holding Limited
Contact Person: Liuzhijin
Email: Send Email [http://www.universalpressrelease.com/?pr=nyse-kuke-announces-purchase-terms-with-naxos-one]
Phone: 86-025-18751894863
Country: China
Website: https://www.ku.com/p_dex.html#/



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release NYSE: KUKE Announces Purchase Terms with Naxos One here

News-ID: 3521674 • Views:

More Releases from Getnews

COOFANDY Black Friday and Cyber Monday: Discounts on Quality Men's Winter Wear
COOFANDY Black Friday and Cyber Monday: Discounts on Quality Men's Winter Wear
COOFANDY Black Friday And Cyber Monday: Quality Men's Winter Wear, 15% Off Early Access! Say goodbye to the mediocre and take control of your style. Men's fashion brand COOFANDY is the first to ignite the winter shopping season, officially announcing the launch of its Black Friday and Cyber Monday event-"The Holiday Season of Glow." Facing the cold and upcoming holiday gatherings, we don't have to compromise between style and warmth. COOFANDY
Zeagoo Launches
Zeagoo Launches "The Holiday Season of Glow": Black Friday and Cyber Monday to L …
The overture to winter has begun, and the brilliant glow of the holidays is gradually lighting up the streets. Global women's apparel brand Zeagoo is thrilled to officially announce the launch of its biggest shopping extravaganza of the year-"The Holiday Season of Glow"-aimed at injecting confidence and sparkle into every woman's winter look with items that blend comfort and fashion. Our campaign slogan is: "Dress in your festive sparkle," inviting
Mark M Winkler Inspires Young Readers with Life Lessons Through Fly Fishing
Mark M Winkler Inspires Young Readers with Life Lessons Through Fly Fishing
Image: https://www.globalnewslines.com/uploads/2025/11/1763154989.jpg Image: https://www.aionewswire.com/storage/images/ckeditor//Mark%20pic_1763152992.png Author Mark M. Winkler [https://markmwinkler.com/] invites readers on a heartwarming and insightful journey with his new children's book, Life Lessons Through Fly Fishing . Blending the beauty of nature with timeless wisdom, Winkler crafts a story that teaches children valuable lessons in patience, compassion, and humility. Image: https://www.aionewswire.com/storage/images/ckeditor//Life%20Lessons%20Through%20Fly%20Fishing_1763153468.jpg Life Lessons Through Fly Fishing [https://www.amazon.com/Life-Lessons-Through-Fly-Fishing/dp/B0BPGG6CXK/ref] follows the journey of two children and their father as they set out on a meaningful
Apple Roofing Kearney Strengthens Storm Recovery Services with New Wind Damage Roof Repair Technology
Apple Roofing Kearney Strengthens Storm Recovery Services with New Wind Damage R …
Image: https://www.globalnewslines.com/uploads/2025/11/1763161611.jpg Kearney, NE - November 15, 2025 - Apple Roofing in Kearney [https://appleroof.com/kearney/], Nebraska, has officially announced the rollout of advanced roofing inspection and repair technology aimed at enhancing its wind damage response services. As Nebraska continues to experience increasingly volatile weather conditions, the company's latest investment in high-efficiency tools and inspection equipment positions it to meet rising demand for storm-related roofing repairs. Known for its high standards and customer-first service,

All 5 Releases


More Releases for Kuke

Factoring Services Market to 2023 | Industry Statistics, Emerging Demands, Forec …
Factoring services market is anticipated to grow at a CAGR of 9.0% during the forecast period (2024-2031). Factoring is acquiring accounts receivable or invoices from a company at a reduced price to address the company's short-term liquidity requirements while also profiting the buyer. Furthermore, it includes debt factoring, invoice finance, asset-based lending, and accounts receivable funding. It is a common method for businesses to support cash flow by selling reduced
Factoring Services Market is Booming Worldwide | Deutsche Factoring Bank, Euroba …
The Latest Released Factoring Services market study has evaluated the future growth potential of Global Factoring Services market and provides information and useful stats on market structure and size. The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers,
Tips About Factoring Services Market 2027 You Can't Afford To Miss Key Players A …
The Factoring Services market research study includes a full review of the elements affecting the worldwide business climate. The study report provides the most up-to-date market information on future trends, as well as product and service breakdowns. The research includes critical facts on the market's current state, size, share, and growth factors. It also includes information about the emerging player's competitive status, sales, revenue, and global market. All major sources
Debt Factoring Market 2021-28 Robust Expansion in Cash Flow with Barclays Bank P …
Debt factoring is when a business sells its accounts receivables to a third party. That third party pays the business a percentage of the total amount originally charged to the client and usually takes full responsibility for collecting the payment from the buyer. It is a way to fund your business by using the largest asset your business has your accounts receivable. Your financier then collects the full invoice payment from
Financial Leasing Market Is Booming | KLC Financial, SMFL Leasing, GM Financial, …
HTF MI recently introduced Global Financial Leasing Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Sumitomo Mitsui Finance and Leasing, Maldives, HNA Capital, KUKE S.A., KLC
Financial Leasing Market Explore Future Growth 2018-2028 by Global Top Key Playe …
Financial leasing is specifically a method used by a particular business for purchasing equipment with distributed payment structure for a specific period of time. Describing the term in detail, it can be presented as a legal paper agreement format for covering an ownership cost where lessor keeps the ability to receive lease payments. Moreover, the lessor needs to hold the authority of insurance, maintenance, and tax. This report provides detailed