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.
