Work Point Entertainment Limited (Public) has reported to the stock market that its subsidiary company intends to purchase shares of Cool Co., Ltd. The shares will be ordinary shares as well as an increase in share capital, with a total value not exceeding 216 million baht.
Upon completion of the mentioned deal, Work Point will hold 49% of Cool Co.’s shares, while the existing shareholders of Cool Co. will hold a combined 51% of shares.
Cool Co. is an online content production company across various platforms, with Pramot Patan as its CEO. Cool Co. has over 3 million YouTube subscribers.
TLDR: Work Point Entertainment plans to acquire shares of Cool Co., an online content production company, with Work Point holding 49% of shares and the existing shareholders of Cool Co. holding 51%.