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Photo courtesy of Yonhap News |
[Alpha Biz= Paul Lee] NXC, the holding company of the Nexon Group, announced on December 8 that it has executed a share buyback totaling KRW 151.2 billion.
Through the transaction, NXC acquired 25,997 shares—equivalent to 0.94% of its total outstanding shares—at a price of KRW 5.815 million per share.
Yoo Jung-hyun, director of NXC, widow of the late Nexon founder Kim Jung-ju and current head of the Nexon Group, along with the couple’s two children, sold a combined 17,592 shares to NXC, receiving approximately KRW 102.3 billion.
Wise Kids Co., an NXC shareholder, sold shares worth approximately KRW 2.6 billion, while the Korea Asset Management Corporation (KAMCO), under the Ministry of Economy and Finance, sold KRW 46.3 billion worth of shares.
Following the buyback, NXC’s shareholder ownership structure is as follows:
Yoo Jung-hyun: 33.35%
Ministry of Economy and Finance (KAMCO): 30.65%
Two children: 17.16% each
Wise Kids Co.: 1.69%
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
