Netmarble Sells KakaoBank Shares Worth 133.1 Billion KRW
[Asia Economy Reporter Lim Hye-seon] Netmarble announced on the 25th that it decided to sell 1,619,591 shares of KakaoBank at 133.1 billion KRW through a pre-market block trade.
Regarding the purpose of the disposal, the company explained it as "securing liquidity through the sale of held shares." The scheduled disposal date is the 27th.
Since participating as a shareholder in the KakaoBank consortium in 2015, Netmarble has invested a total of 91.7 billion KRW through paid-in capital increases until last year.
Netmarble has been focusing on securing cash through stock sales after acquiring the social casino game company 'SpinX' for 2.5 trillion KRW recently.
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On the 10th, it sold 6 million shares of KakaoBank on the market for 430.2 billion KRW and also sold Kakao Games shares worth 253.6 billion KRW.
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