NSENM, a comprehensive entertainment company, announced on October 16 that it will pursue a public sale to improve its financial structure and normalize management, according to a disclosure made on October 15.
The company has decided to transfer management rights through a third-party paid-in capital increase and has selected Sunghyun Accounting Corporation as the lead manager for the public sale. The sale process is expected to take place within six months from the date of signing the contract with the lead manager.
This public sale will be conducted under the supervision of the board of directors through a transparent and open process, targeting independent external investors rather than related parties such as the largest shareholder, management, or other interested parties.
A representative from NSENM stated, "This public sale is a strategic decision to secure management transparency and enhance long-term corporate value," adding, "We will make additional disclosures in accordance with relevant laws and regulations as soon as the sale targets and conditions are finalized."
Meanwhile, NSENM is engaged in comprehensive cultural content businesses including content production, management, and broadcasting, and is continuously expanding its intellectual property (IP) business toward the global market.
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