Search results for NXC
Games & Commerce
NXC to directly acquire about 3 trillion won worth of Nexon shares to streamline ownership structure
NXC, the holding company of Nexon, will streamline its shareholding structure by directly acquiring Nexon shares it previously held indirectly through a wholly owned subsidiary. NXC disclosed it will buy 118,527,140 common shares of Nexon’s Japan unit from Europe-based subsidiary NXMH B.V. for about 2.99 trillion won. After the transaction, NXC’s direct stake rises to 46.38 percent, while NXMH’s holding falls to 0.01 percent.
Games & Commerce
Nexon holding company NXC cancels all treasury shares bought from government
Nexon Group holding company NXC has cancelled all treasury shares it recently bought from the government. The company said on Tuesday its board approved the cancellation of 184,001 common shares, equal to 6.68 percent of 2,754,093 shares outstanding before the capital reduction. The move follows NXC’s May 4 purchase of some government-held in-kind tax payment shares for about 1.02 trillion won.
Games & Commerce
Nexon holding company NXC buys back 1 trillion won of shares paid in kind to government, to cancel them next month
Nexon Group holding company NXC has bought back part of its own shares that the family of late founder Kim Jung-ju paid in kind as inheritance tax. NXC agreed to acquire 184,001 shares from the Ministry of Economy and Finance at 5,558,000 won per share, in a deal worth about 1.02 trillion won, and plans to cancel them next month. The government’s stake falls, while the sale brings in more than 1 trillion won in non-tax revenue.
