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Friday, March 29, 2024

RS Group to spin off music business via IPO next year

Surachai Chetchotisak, CEO of RS Group.

SET-listed RS Group plans to list its music business on the stock market next year, using the proceeds to create fresh, new works to drive business growth together with domestic and international partners while expanding the revenue base via digital monetisation through online channels.

According to Surachai Chetchotisak, the company’s chief executive, the company earlier this year announced its plan to vigorously resume its music business and the company’s management recently gave the music business approval to actively proceed with its business growth expansion plan by spinning off the music business as the company’s first business unit to be listed on the Stock Exchange of Thailand…

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