Nat Games Co.,Ltd. (KOSDAQ:A225570) agreed to acquire a 36.8% stake in Nexon GT Co., Ltd. for approximately KRW 220 billion on December 16, 2021. Under the terms, Nat Games will issue 1 share for every 1.0423647 shares in Nexon GT. Following completion, the surviving company is Nat Games, and the new corporate name is Nexon Games. Park Yong-hyeon, the current chief executive officer of Nat Games, will be appointed as the chief executive officer of the newly merged company Nexon Games, and Shin Ji-hwan, the chief executive officer of Nexon GT, will serve as a registered director. Nexon Korea chief executive officer Lee Jung-heon also joined the board of directors of Nexon Games, and plans to strengthen cooperation with Nexon Korea. Nat Games appointed Nexon Korea chief executive officer Lee Jeong-heon, former Nexon GT chief executive officer Shin Ji-hwan, and Nexon GT development director Kim Myung-hyun as new inside directors through the regular general meeting of shareholders on March 25. The transaction remains subject to shareholders approval. As of February 8, 2022, the transaction was approved at the extraordinary general meeting of shareholders.

Nat Games Co.,Ltd. (KOSDAQ:A225570) completed the acquisition of a 36.8% stake in Nexon GT Co., Ltd. on March 31, 2022.