Following the completion of the Share Purchase, which is expected to be in the second half of this month, Sunwoo Produce will become the single largest shareholder of ESA. Under the Proposed Partnership, Sunwoo Produce and the Group shall collaborate in opportunities for overseas production, investment and distribution of various entertainment-related content and businesses by utilizing the Group's global networks. Sunwoo Produce and its affiliates, including but not limited to ESA, shall seek opportunities to strategically invest into the Group and/or its affiliates. The Group shall also arrange foreign investors for Sunwoo Produce, as well as advise and assist in the management of the overseas business of ESA. Sunwoo Produce and the Group shall also cooperate to establish a fund focusing on investments in entertainment and technology, which is to be co-managed by the Group and Sunwoo Produce.

Source: Viet Nam News November 04, 2019 22:52 UTC