SNK ,which signed a stock transfer contract with Saudi Arabia's EGDC, delayed the signing of changing its largest shareholder until March

[Infostock Daily=Reporter Lee Ji-sun] SNK, which signed a stock transfer contract with Saudi Arabia's EGDC, has delayed the signing date from the original 12th to March 17th.

SNK made the announcement in a public announcement on the 12th.

SNK announced earlier in November last year that it had signed a stock acquisition deal with EGDC under the Misk Foundation, where Saudi Crown Prince Bin Salman holds a 100% stake. It is a contract that EGDC purchases 6,065,798 shares (28.8%) of Zhuikaku, China's largest shareholder of SNK, at a total of 27,445,720,000 won for 34,183 won per share.

On the same day, Perfect World, the second largest shareholder of SNK, announced that it would purchase 947,781 shares (4.5%) at the same price.

Therefore, EGDC was planning to pay 27,345,720,000 won to Zhuikaku by the 12th. However, this is based on the premise that all prior conditions for the termination of transactions, including the approval of over-the-counter transactions by the Financial Supervisory Service, are met. 

Reporter Lee Ji-sun stockmk2020@gmail.com