Global Win - With Win New Technology Fund 1 managed by Global Win-With Win New Technology Investment Association No. 1, B2 1 Association, KB 1 Association and STP Bio Acquisition Purpose Partnership agreed to acquire a 27.11% stake in Glory Star New Media Group Holdings Limited from STP Bio Acquisition Purpose Partnership for KRW 55.4 billion on April 11, 2023. The transaction is expected to be closed on May 18, 2023. As of April 17, 2023, a partial stake has been acquired by STP Bio Acquisition Purpose Partnership. As of April 17, 2023, a partial stake has been acquired by KB 1 Association.
Global Win - With Win New Technology Fund 1 managed by Global Win-With Win New Technology Investment Association No. 1, B2 1 Association, KB 1 Association and STP Bio Acquisition Purpose Partnership completed the acquisition of a 27.11% stake in Glory Star New Media Group Holdings Limited from STP Bio Acquisition Purpose Partnership on May 18, 2023.