Kim Jung-ju's NXC Invests 94.2 Billion KRW in Mobility Company
[Asia Economy Reporter Bu Aeri] NXC, the holding company of Nexon, has invested in an overseas mobility-related company.
On the 21st, NXC announced that it invested 94.2 billion KRW in 'FGX Mobility.' Through this investment, NXC acquired 99.05% of FGX Mobility's shares. The acquisition date is scheduled for June 30.
According to the announcement, FGX Mobility is a company with its headquarters located in the Cayman Islands, well known as a tax haven, but there is little other information available.
NXC explained the purpose of the investment as "securing investment returns through indirect investment in a foreign mobility technology holding corporation."
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Meanwhile, NXC has made several investments in companies unrelated to gaming. It invested in the famous European stroller brand 'Stokke' and also acquired the Italian feed company 'Serere.'
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