Kakao Games Europe B.V. announced that it expects to receive KRW 450.00000056 billion in funding from Kakao Games Corp.
Kakao Games Europe B.V. announced that it will issue 328,759,918 shares at a price of KRW 1,368.78 for gross proceeds of KRW 450,000,000,560 on October 29, 2021. The transaction will include participation from returning investor Kakao Games Corp. to retain 100% stake in the company. The transaction has been approved by the board of directors of the company. The transaction is by way of third party capital increase.