ONEE sets up subsidiary Studio Wabi Sabi with 7 million baht capital, expanding into content and artist management

Corporate Action
โดย Kaohoon·TH·Read original
Summary · why it matters

The One Enterprise Public Company Limited, or ONEE, informed the Stock Exchange of Thailand that its board meeting No. 2/2569 on 11 May 2569 approved the establishment of a new subsidiary, investing through GMMTV Company Limited, an indirect subsidiary wholly owned by the company via GMM Channel Holding Company Limited at 100%. The new company is named Studio Wabi Sabi Company Limited, registered on 14 September 2569, with the objective of producing and developing content as well as providing full-service artist management. The company has registered capital of 7 million baht, divided into 70,000 ordinary shares with a par value of 100 baht each, of which GMMTV holds 35,699 shares, or 51%, Mr. Siwat Sawasmaneekul holds 34,300 shares, or 49%, and Mr. Sathaporn Panichraksapong holds 1 share, or 0%, totalling 70,000 shares, or 100%. The funds used to establish the new company come from the working capital of GMMTV Company Limited.

Impact on stocks 1

Communication Services▲ · 1 stocks

Off-coverage companies 3

Studio Wabi SabiPrivate▲ Positive
Capitalrelevance

Studio Wabi Sabi is the newly established subsidiary with 7 million baht registered capital, 51% held by GMMTV.

GMM TVPrivate▲ Positive
Capitalrelevance

GMMTV funds and holds 51% of the new Studio Wabi Sabi subsidiary, expanding its content and artist-management operations.

GMM Channel HoldingPrivate▲ Positive
Capitalrelevance

GMM Channel Holding is the wholly owned intermediary through which ONEE invests in the new Studio Wabi Sabi subsidiary.

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