Netmarble Sells All 250 Billion KRW Worth of KaKao Games Shares... Investment Profit 370%

[Asia Economy Reporter Kang Nahum] Netmarble announced on the 12th that it will sell all 3,218,320 shares of Kakao Games it holds through an off-hours block trade before the market opens on the 13th.

The disposal amount is 253.6 billion KRW.

Netmarble, which invested 50 billion KRW in Kakao Games in 2018, will realize an investment return of 370% in three years.

A Netmarble official explained, "The investment shares were sold to secure liquidity and financial soundness."

Netmarble is expected to use these funds to acquire the social casino game company 'SpinX'. The acquisition price for SpinX is 2.5 trillion KRW.

Earlier, on the day of the acquisition decision, Netmarble decided to increase short-term borrowings by 1.7786 trillion KRW. On the 10th of this month, it sold 6 million shares of Kakao Bank on the market.

This content was produced with the assistance of AI translation services.