On May 24, GMM, a multimedia giant of Thailand has reported to the manager of Stock Exchange of Thailand (SET) that the company, together with YG Entertainment Inc., will set up a new company, YGMM. The registered capital of YGMM is 200m THB, divided into 2m shares, 51% goes to GMM and 49% goes to YG. The objective of the company is all aspects of entertainment businesses, including advise service for the organizing concert and any stage performance. This does not sound that interesting until someone linked it to an announcement from GMM from late last year.
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