Tencent Music Entertainment Group V.TME

Primary Symbol: TME

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Tencent Music Entertainment Group is a holding company mainly engaged in the provision and operation of online music entertainment platform. The Company is mainly engaged in the provision of online music services, social entertainment services and other services. The Company operates four major product brands, QQ Music, Kugou Music, Kuwo Music and WeSing, through which the Company provides online music and social entertainment services to address the music entertainment needs of audience in China. The Company also offers Lazy Audio, the dedicated long-form audio app as a complement to the flagship music-centric product portfolio. The Company is also engaged in the sales of music-related merchandise, the provision of services to smart device and car manufacturers and ticketing services for online music events. The Company mainly conducts its businesses in domestic and overseas markets.

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Tencent Music Entertainment Group > TME capital gains taxes

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Post by stockman6767on Sep 20, 2015 4:12pm

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TME capital gains taxes

Does a take over like this by LSG of TME make our current disposal of the TME shares (in exchange for the LSG shares) a taxable event for capital gains on the TME shares, or do we simply trasfer our "cost basis" for the TME shares to our new LSG shares and not pay any capital gains until we sell our LSG shares? Any accountants out there?

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