It has been reported that B2ST will establish their own label with investment from Hong Kong investors.

According to an industry insider on October 31, a person identified as 'A,' who has been in charge of B2ST's Chinese promotions for the last 2 years, is the man who secured the investment for the group's new, independent label after leaving Cube Entertainment.

SEE ALSO: [BREAKING] B2ST leaves Cube Entertainment, to make their own label

B2ST did not renew their contract with Cube after 7 years of working with the agency and announced that they would make their own label. The insider explained that 'A' has promised an investment from Hong Kong investors and is heading the establishment of the new label. 

The insider stated, "It is not known exactly how much the investment will be, but the group will announce the new, independent label soon." 

It is reported that B2ST is actively recruiting people who will work for the group's promotions in Korea, but many predict that they will concentrate more on promoting abroad -- especially in Chinese-speaking countries -- since the investment is coming from Hong Kong.