Vividthree Forms Joint Venture with KStar for Karaoke Lounges

MT Newswires

2024/08/26

Vividthree (SGX:OMK) has agreed to form a joint venture called K.Space with KStar Management to focus on automated family karaoke lounges, according to a Friday filing with Singapore Exchange.

Under the agreement, Vividthree will hold a 55% stake, subscribing to 160,500 shares, while KStar will take a 45% share with 139,500 shares in the joint venture.

The joint venture's capital will be SG$310,000, with initial operations led by Vividthree's CEO, Yeo Eng Pu, Charles. The venture aims to expand Vividthree's entertainment portfolio by leveraging KStar's expertise in karaoke.

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The venture aims to expand Vividthree's entertainment portfolio by leveraging KStar's expertise in karaoke.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6030","symbol_name":"电影和娱乐","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2462246981","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2462246981","pubTimestamp":1724636389,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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