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SRPP News l 19 June 2024
We're proud to announce a groundbreaking transaction: SRPP assisted GMM Grammy Public Company Limited in selling a 10% stake in GMM Music Public Company Limited to Tencent Music Entertainment Group. This strategic move, valued at a remarkable $70 million, not only places GMM Music’s worth at $700 million but also reinforces GMM Grammy’s plans to spin off and list GMM Music on the Stock Exchange of Thailand.
This partnership is set to expand GMM Music’s business and fuel innovation, with a focus on entering larger markets, particularly China, with its vast market potential. The deal includes a combination of cash and a minority stake in the music streaming app JOOX Thailand, enhancing GMM Music’s digital footprint and content reach.
For more information, please click here.
The transaction was led by Panuwat Chalongkuamdee (Founding Partner), Pimkwan Subprasert (Associate), Natthanun Suksumboon (Associate), Pasinee Jiravitawat (Associate), Krisakorn Thongprasert (Associate), Thunyaporn Pattarapipatkul (Associate), and Poondarik Tayawitit (Associate).
You can view Panuwat's profile by clicking here.
You can view Pimkwan's profile by clicking here.
You can view Natthanun's profile by clicking here.
You can view Pasinee's profile by clicking here.
You can view Krisakorn's profile by clicking here.
You can view Thunyaporn's profile by clicking here.
You can view Poondarik's profile by clicking here.
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