Wemade Participates in Joymax's 10 Billion KRW Capital Increase
[Asia Economy Reporter Buaeri] Wemade announced on the 15th that it has confirmed participation in the paid-in capital increase of its subsidiary Joymax.
Wemade decided to participate by investing 10 billion KRW, corresponding to its 33.34% stake, through a board meeting held on the 8th.
Co-CEO Lee Gil-hyung also pledged to participate in the paid-in capital increase with approximately 3 billion KRW proportional to his 11.35% stake.
Joymax had previously decided on a paid-in capital increase worth a total of 30 billion KRW through a shareholder preferential public offering to secure future growth engines.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
CEO Jang Hyun-guk stated, "Through this paid-in capital increase, we plan to support Joymax in various ways, including stable service of new games in preparation and successful mergers and acquisitions of development companies."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
