Brief China: Nexon Sale: Main Bidding on May 15, NXC Stake Up for Sale & No Mandatory Tender and more

In this briefing:

  1. Nexon Sale: Main Bidding on May 15, NXC Stake Up for Sale & No Mandatory Tender

1. Nexon Sale: Main Bidding on May 15, NXC Stake Up for Sale & No Mandatory Tender

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One of Korea’s largest local economic newspapers, The Korea Economic Daily, reports that Nexon’s main bidding will take place on May 15. It also reports that it is the Kim Jung-ju family’s NXC stake to be put up for sale. As for tender, TSE advises in a written opinion that there will be no mandatory tender as a result of NXC stake sale. That is, tender will be optional.

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