A consortium of investors, including Neopulse and global gaming company Kingnet, will become the new major shareholder of Wemade.
On September 14, Wemade issued a joint statement regarding the change in its major shareholder with the Neopulse-led consortium.
The investor consortium signed a stock transfer agreement with Park Kwan-ho, chairman of Wemade, on June 30. They are currently proceeding with the necessary steps to finalize the transaction, including payment of the remaining balance and obtaining regulatory approval by October 30.
Once the transaction is completed, the consortium will hold a cumulative stake of 40.25% in Wemade. The consortium plans to focus on expanding business opportunities, including publishing and key intellectual property licensing, in global and Chinese markets.
Additionally, they aim to establish a business framework that can respond to market-specific risks based on their understanding and experience of local markets and industries.
Wemade intends to collaborate with the investor consortium to ensure stable operations and continuous growth. The company also stated that its ongoing core projects and organizational operations will proceed without disruption according to existing plans.
* This article has been translated by AI.
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