Tencent Music to become second-largest shareholder in K-pop agency SM Entertainment
China’s Tencent Music NYSE:TME, NYSE:TME is expected to become the second-largest shareholder of major K-pop agency SM Entertainment KRX:041510, according to a South Korean filing on Tuesday. South Korea’s Hybe KRX:352820 said in a regulatory filing that it plans to sell its 2.2 million shares in S…
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