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Cube Entertainment's largest shareholder to be cosmetics and media commerce company VT GMP, company behind BTS perfume

AKP STAFF
Posted by Germaine-Jay Friday, February 21, 2020

Cube Entertainment's largest shareholder will becosmetics and media commerce company VT GMP.

On February 21, reports revealed VT GMP will become the new largest shareholder of entertainment agency Cube Entertainment, which houses idol groups like BTOB, Pentagon, and (G)I-DLE. The company is best known for its involvement in making BTS perfume, and it's reported the acquisition will enable cooperation between cosmetics manufacturing and entertainment businesses.

VT GMP is taking over stock shares from iHQ, who were formerly Cube's biggest shareholder, for the amount of 29.1 billion Won ($24,017,845.05 USD). This means the company will have a 30.61% stake in Cube Entertainment.

With news of the sale, Cube Entertainment stock rose by 11.19%.

Stay tuned for updates. 

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tenty_tenty
tenty_tenty412 pts Friday, February 21, 2020 0
Friday, February 21, 2020
Nice, good luck to both sides, hopefully something good comes out of this.

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Eunbean
Eunbean2,335 pts Friday, February 21, 2020 1
Friday, February 21, 2020

most important, CUBE house CLC

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