Bang Jun-hyuk, chairman of Netmarble and Cowie, is set to acquire an additional 13.4% stake in Netmarble. This purchase will increase his ownership stake to 38.34% as he directly acquires part of the shares held by a Tencent subsidiary.
On August 21, Netmarble announced that Bang Jun-hyuk will buy 13.4% of the 18.1% stake owned by Tencent's Han River Investment for 374 billion won.
This transaction comes as Tencent is divesting part of its holdings.
Once the acquisition is complete, Bang's stake in Netmarble will rise from the current 24.93% to 38.34%, enhancing his role as the founder and largest shareholder.
Despite the changes in shareholding, the business collaboration between Netmarble and Tencent will continue. The two companies plan to maintain their partnership across various sectors, including the global gaming industry.
A Netmarble representative stated, “This acquisition signifies Bang Jun-hyuk's commitment to responsible management as the founder and largest shareholder, while also proactively alleviating market uncertainties stemming from significant share changes.”
* This article has been translated by AI.
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