Carey Olsen aids Glory Star in acquisition by TKK

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Carley Olsen advised Glory Star New Media Group (Glory Star), a China-based mobile and online digital media and entertainment company, on its US$525 million acquisition by TKK Symphony Acquisition Corporation, a special-purpose acquisition company.

The transaction involved a share exchange agreement and the continued ordinary shares and warrants listing of TKK on the Nasdaq Capital Market under ticker symbols “GSMG” and “GSMGW” following its name change to Glory Star New Media Group Holdings.

The Singapore-based Carley Olsen team, led by partner Anthony McKenzie and supported by senior associate Alastair King and associate Maggie Yan, counselled Glory Star on all Cayman Islands legal and regulatory aspects of the share exchange and Nasdaq listing. They worked alongside lead counsel Lewis Brisbois Bisgaard & Smith and PRC counsel Grandall Law Firm.

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