NXC Corporation Raises Stake in Nexon (3659) to 46.3% | Large Shareholding Report

A large shareholding report (EDINET filing) shows that NXC Corporation has raised its stake in Nexon (3659) to 46.3%. The purchaser is an asset management company of the company's founding family based in Jeju, South Korea. Nexon is a game developer and operator focusing on online games, with a portfolio spanning PC and mobile titles. Following this acquisition, NXC's holding now represents a substantial portion of the company's market capitalization as a major shareholder.

The acquisition, with an estimated purchase price of ¥245.29 billion, represents a 14.95 percentage point increase in stake from the previous disclosure.

*Speculation: The step-by-step increase in stake by the founding family's asset management company may signal an intention to strengthen control and deepen management involvement in the company.