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GCA Group assisted Sunny Side Up Culture Holdings Limited (Stock Code: 8082.HK) for acquisition of an artist management company

By August 31, 2023December 11th, 2023No Comments

GCA Professional Services Group is proud to have played a pivotal role in supporting our esteemed client, Sunny Side Up Culture Holdings Limited (formerly named Yeah Yeah Group Holdings Limited) (Stock Code: 8082.HK), in the strategic acquisition of an excellent artist management company. This marks a significant stride as we embark on a journey into the captivating world of entertainment and artist management, further enriching our path of growth and innovation.

Sunny Side Up Culture Holdings has firmly established itself as a dynamic powerhouse in artist management services and entertainment events within Hong Kong. The recent acquisition of the target company was undertaken as part of the Group’s strategy to expand its presence in the media and entertainment sectors, positioning them to shape the future landscape of the entertainment industry.

Our involvement in this endeavor encompassed three crucial facets:
1) Valuation of the consideration for the acquisition of 100% equity interests in the target company.
2) Conducting a purchase price allocation exercise related to the acquisition.
3) Valuation of the intangible asset, the artist management contract of the target company, for the acquisition.

As we acknowledge this remarkable achievement, we extend our warmest wishes to Sunny Side Up Culture Holdings. May their journey in the entertainment field be illuminated with continued success and boundless creativity.