Kuke Music Sells 1.67M ADS
Ticker: KUKEY · Form: 6-K · Filed: Dec 17, 2024 · CIK: 1809158
| Field | Detail |
|---|---|
| Company | Kuke Music Holding LTD (KUKEY) |
| Form Type | 6-K |
| Filed Date | Dec 17, 2024 |
| Risk Level | medium |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $0.6 |
| Sentiment | neutral |
Sentiment: neutral
Topics: share-issuance, capital-raise, sec-filing
TL;DR
Kuke Music just sold 1.67M ADS to Key Wealth Trading & Wah Yip International. Details on $.
AI Summary
Kuke Music Holding Limited, a Chinese classical music platform, announced on December 17, 2024, the issuance and sale of 1,671,346 American Depositary Shares (ADS) through a securities purchase agreement with Key Wealth Trading Company Limited and Wah Yip International Limited. The filing does not specify the dollar amount of this transaction.
Why It Matters
This filing indicates a capital raise or share issuance activity by Kuke Music, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: medium — The sale of a significant number of ADSs can dilute existing shareholders and the lack of specific financial details in the filing introduces uncertainty.
Key Numbers
- 1,671,346 — ADS Sold (Represents shares issued in a securities purchase agreement.)
Key Players & Entities
- Kuke Music Holding Limited (company) — Issuer of ADSs
- Key Wealth Trading Company Limited (company) — Purchaser of ADSs
- Wah Yip International Limited (company) — Purchaser of ADSs
- 1,671,346 (dollar_amount) — Number of American Depositary Shares sold
FAQ
What was the price per ADS in the securities purchase agreement?
The filing does not disclose the price per ADS or the total dollar amount of the transaction.
What is the purpose of this issuance of American Depositary Shares?
The filing states the issuance is in connection with a securities purchase agreement but does not specify the intended use of proceeds.
When did the securities purchase agreement become effective?
The filing was made on December 17, 2024, and refers to the agreement in the context of this reporting period.
Are Key Wealth Trading Company Limited and Wah Yip International Limited related parties to Kuke Music Holding Limited?
The filing does not specify any relationship between the purchasers and Kuke Music Holding Limited.
What is Kuke Music Holding Limited's primary business?
Kuke Music Holding Limited is described as a leading classical music service platform in China.
Filing Stats: 261 words · 1 min read · ~1 pages · Grade level 12.4 · Accepted 2024-12-17 08:28:41
Key Financial Figures
- $0.6 — epositary Shares at a purchase price of $0.6 per share, representing 1,671,346 Class
Filing Documents
- ea0225031-6k_kuke.htm (6-K) — 13KB
- ea022503101ex5-1_kuke.htm (EX-5.1) — 35KB
- ex5-1_001.jpg (GRAPHIC) — 4KB
- 0001213900-24-109523.txt ( ) — 55KB
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 December 2024 Commission File Number: 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, a leading classical music service platform in China, (the “Company”) entered into a securities purchase agreement with Key Wealth Trading Company Limited and Wah Yip International Limited, in connection with the issuance and sale 1,671,346 American Depositary Shares at a purchase price of $0.6 per share, representing 1,671,346 Class A ordinary shares. 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 Statement on Form S-8 (Registration No. 333-256982). 1 EXHIBITS 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: December 17, 2024 3