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Saudi National Wealth Fund Increases Stake in Nexon Japan to 10.2%

Nexon's Japanese corporation (CEO: Owen Mahoney) announced on the 26th that the Public Investment Fund (PIF) of Saudi Arabia has exceeded a 10% stake.
PIF increased its stake from 9.22% to 10.23% by 1.01%P by purchasing additional shares of Nexon's Japanese corporation on the 23rd.
The stake held by Nexon, including NXC, is around 46.2%. NXC holds 29.4% and NXC subsidiary NXMH BV holds 16.8%. Even if PIF increases its stake, it has little impact on whether it is the largest shareholder.
As of the end of last year, major shareholders excluding Nexon were Japan Master Trust Bank (12%) and JP Morgan Chase Bank (10.3%). PIF is the 5th largest shareholder in order of major shareholders.
The Nexon Group consists of a holding company NXC → Nexon Japanese Corporation → Nexon Korea → affiliates. Nexon's Japanese corporation holds 100% of Nexon Korea's shares.
Nexon's Japanese corporation commented on the change in PIF's stake, saying, "There are no particularly noteworthy matters regarding future prospects."

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2023-06-26