KGinicis Co., Ltd. cancelled the acquisition of 5% stake in NHN KCP Corp. from NHN Entertainment Corp..
June 28, 2017
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KGinicis Co., Ltd. (KOSDAQ:A035600) agreed to acquire 5% stake in NHN KCP Corp. (KOSDAQ:A060250) from NHN Entertainment Corp. (KOSE:A181710) for KRW 16.2 billion on June 28, 2016. KGinicis Co will acquire 0.9 million shares of NHN KCP Corp in the deal. Following the completion of the deal, NHN Entertainment Corp will hold 25.2% stake in NHN KCP Corp.
KGinicis Co., Ltd. (KOSDAQ:A035600) cancelled the acquisition of 5% stake in NHN KCP Corp. (KOSDAQ:A060250) from NHN Entertainment Corp. (KOSE:A181710) on June 28, 2017.
NHN Corp, formerly NHN Entertainment Corp, is a Korea-based company principally engaged in the development and distribution of games. Through the operation of online game portal www.hangame.com, the Company develops and provides massive multiplayer online role playing games (MMORPGs), Web boards, sports, and casual games. It also provides mobile games, including Line Disney Tsum Tsum, Line Pop 2, Youkai Watch Puni Puni, Crusaders Quest, Friends Pop and others. Additionally, the Company provides convenience payment services and webtoon services through developed applications, Payco and Comico.