[Alpha Biz= Paul Lee] NXC, the holding company of Nexon Group, announced on Wednesday that it will participate in a capital reduction by its Belgian investment subsidiary, NXMH B.V., and dispose of its 133,937,922 shares.


The total disposal price is $510 million, equivalent to approximately 737.6 billion KRW based on the exchange rate at the time of the board resolution.


NXMH is an investment subsidiary under NXC, and it owns various companies, including the Norwegian stroller maker Stokke. NXMH is also the second-largest shareholder with a 14.6% stake in Nexon Japan, which is listed on the Japanese stock market.

 

 

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