Cube Entertainment Sets Merger with iHQ and will Go Public!

Cube Entertainment and iHQ is set to merge and float stocks in public! The agency of popular idol groups 4minute and B2ST, Cube Entertainment revealed they will float the company on the stock exchange.

May 29, 2014 08:39 AM BST

TAGㆍCUBE Entertainmentㆍ iHQ

(Photo : Cube Ent & iHQ)

The agency of popular idol groups 4minute and B2ST, Cube Entertainment revealed they will float the company on the stock exchange. The agency also stated that in order to go on with the move, it would first need do do the merger with iHQ Entertainment. In recall, the two companies signed an alliance last year.

Last September, idol star and actor Rain joined the sister company of Cube Entertainment, Cube DC. While, iHQ’s own line-up includes a host of acting talent such as Kim Woo Bin, also K-pop acts such as 2EYES and Jay Park.

Cube's CEO, Park Choong Min, explained the decision, stating, “We have decided on the merger in order to help promote growth power and adapt to the changing environment of this business. Floating on the stock exchange will provide a new cornerstone for us to build on, and will allow us to develop as a global company, just like Samsung and LG.”

Meanwhile the president of iHQ, Jeon Yong Joo, also spoke about the move, as he told the media, “This new arrangement with Cube represents a great opportunity for us to expand global business.”

A stock holders meeting is set in September, and the move is expected to be finalized in October.

TagㆍCUBE Entertainmentㆍ iHQ