Nexon Kim Jung-ju Acquires Indian Financial Fund for 114.1 Billion Won
[Asia Economy Reporter Oh Hyung-gil] Kim Jung-ju, founder of Nexon and CEO of NXC, is acquiring an Indian financial fund.
NXC, the holding company of Nexon and the actual owner controlled by CEO Kim, announced on the 17th that it will invest 114.1 billion KRW in the Virgin Islands-registered 'NIS Indra Fund.'
As of the end of this month, it plans to acquire a 92.23% stake in the fund.
An NXC official stated, "The investment purpose is to obtain investment returns through indirect investment in Indian non-bank financial companies," adding, "We cannot disclose details about the nature of the fund."
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NXC has previously acquired the European cryptocurrency exchange Bitstamp and the Norwegian children and infant products company Stokke.
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