Color Star Technology Enters into MOU to Acquire South Korean Artist Agency and Live Entertainment Company
Huitao Technology Co., Ltd. - Ordinary Shares (HHT)
Company Research
Source: PR Newswire
NEW YORK, Sept. 23, 2020 /PRNewswire/ -- Color Star Technology Co., Ltd. (Nasdaq CM: HHT) (the "Company", "we" or "HHT"), a company engaged in the businesses of providing online and offline knowledge-paid services for music and entertainment industries globally, today announced that it, through its wholly owned subsidiary, Color China Entertainment Co., Ltd., entered into a memorandum of understanding (the "MOU") on September 21, 2020 with FENT Co. Ltd. ("FENT"), a South Korean K-pop entertainment and artist agency service company, to acquire 100 percent equity interest in FENT (the "Proposed Transaction"). FENT, also known as Fascino Entertainment, is a South Korean-based live entertainment company that engages in: i) talent development and management in the music, film and fashion industries; ii) live concerts and events; iii) music and video production, distribution, and licensing; iv) public relations, media outreach and brand management. FENT also sells cosmetics (e.g., lipsticks
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