Kuke Music Sells Securities to Shelf Advisor, Short Selling Capital, Bera Family
Ticker: KUKEY · Form: 6-K · Filed: Oct 29, 2024 · CIK: 1809158
| Field | Detail |
|---|---|
| Company | Kuke Music Holding LTD (KUKEY) |
| Form Type | 6-K |
| Filed Date | Oct 29, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $2,160,000, $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: securities-sale, capital-raise, china
TL;DR
Kuke Music inks deal to sell shares to Shelf Advisor, Short Selling Capital, and Bera Family.
AI Summary
Kuke Music Holding Limited announced on October 29, 2024, that it entered into a securities purchase agreement for the issuance and sale of its securities. The agreement was made with Shelf Advisor Limited, Short Selling Capital Group Limited, and Bera Family Limited. Kuke Music Holding Limited is a leading classical music service platform in China.
Why It Matters
This agreement indicates a capital raise or strategic investment for Kuke Music, which could impact its future operations and growth as a classical music platform in China.
Risk Assessment
Risk Level: medium — The filing indicates a securities sale, which could signal financial needs or strategic shifts, and the specific terms and impact on existing shareholders are not fully detailed.
Key Players & Entities
- Kuke Music Holding Limited (company) — Issuer of securities
- Shelf Advisor Limited (company) — Purchaser of securities
- Short Selling Capital Group Limited (company) — Purchaser of securities
- Bera Family Limited (company) — Purchaser of securities
- October 29, 2024 (date) — Date of securities purchase agreement
FAQ
What is the total value of the securities Kuke Music Holding Limited is issuing and selling?
The filing does not specify the total dollar amount of the securities being issued and sold.
What are the specific terms of the securities purchase agreement?
The filing states that an agreement was entered into but does not detail the specific terms of the securities purchase.
What is the primary business of Kuke Music Holding Limited?
Kuke Music Holding Limited is described as a leading classical music service platform in China.
When was the securities purchase agreement entered into?
The securities purchase agreement was entered into on October 29, 2024.
Which entities are purchasing securities from Kuke Music Holding Limited?
Shelf Advisor Limited, Short Selling Capital Group Limited, and Bera Family Limited are purchasing securities from Kuke Music Holding Limited.
Filing Stats: 331 words · 1 min read · ~1 pages · Grade level 12.2 · Accepted 2024-10-29 16:03:02
Key Financial Figures
- $2,160,000 — ction with the issuance and sale of (i) $2,160,000 aggregate principal amount of 8.0% Conv
- $0.001 — into Class A ordinary shares, par value $0.001 per share) and (ii) 5,000,000 American
Filing Documents
- ea0218938-6k_kukemusic.htm (6-K) — 12KB
- ea021893801ex5-1_kukemusic.htm (EX-5.1) — 39KB
- ex5-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-24-091713.txt ( ) — 58KB
From the Filing
OF FOREIGN PRIVATE ISSUER UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2024 Commission File Number: 001-39859 Kuke Music Holding Limited Room 303 Beijing Broadcasting Tower, No. Jia 14, Jianwaidajie Chaoyang District, Beijing People’s Republic of China +86-010-6561 0392 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F Form 40-F Kuke Music Holding Limited, a Cayman Islands exempted company (the “Company”), a leading classical music service platform in China, entered into a securities purchase agreement with Shelf Advisor Limited, Short Selling Capital Group Limited and Bera Family Limited, in connection with the issuance and sale of (i) $2,160,000 aggregate principal amount of 8.0% Convertible Note Due October 29, 2025 (which can be convertible into Class A ordinary shares, par value $0.001 per share) and (ii) 5,000,000 American Depositary Shares (the “ADSs”) at a purchase price of $0.001 per share, representing 5,000,000 Class A ordinary shares. As a foreign private issuer, the Company hereby intends to rely on home country practice of the Cayman Islands with respect to the requirements under the NYSE Listed Company Manual Rule 312.03. The information contained in this Form 6-K is hereby incorporated by reference into the Company’s Registration Statement on Form F-3 (Registration No. 333-267655) and the Company’s Registration 1 Exhibit Index Exhibit Description 5.1 Opinion of Conyers Dill & Pearman 23.1 Consent of Conyers Dill & Pearman (included in Exhibit 5.1) 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Kuke Music Holding Limited By: /s/ Li Li Name: Li Li Title: Chief Financial Officer Date: October 29, 2024 3