NXC, the holding company for Nexon, has directly acquired common shares of Nexon Japan previously held by its wholly-owned subsidiary NXMH B.V. According to a disclosure from NXC, the company purchased 118,527,140 shares of Nexon for 2.9898 trillion won on June 19. This acquisition allows NXC to hold shares of Nexon Japan directly, as it had previously done so indirectly through NXMH B.V., a European investment firm. The acquisition amount represents 152.70% of NXC's total assets, which were valued at approximately 1.9579 trillion won at the end of last year.
As a result of this transaction, NXC's voting rights in Nexon increased from 31.4% to 46.38%. The number of shares held by NXC rose from 248,462,800 to 366,989,940.
Conversely, NXMH's voting rights in Nexon dropped from 14.99% to 0.01%, removing it from the list of major shareholders.
An NXC representative stated that this move is part of the group's financial strategy, aimed at consolidating the ownership structure of Nexon from indirect to direct holdings to enhance asset management and financial efficiency.
* This article has been translated by AI.
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