1 Year Member
- Sep 14, 2018
From what I understand from reading the article is that SNK Is being bought by a Saudi company called EGDC.
However, the purchase was 100% funded by the Saudi Crown Prince. He is the largest shareholder of EGDC.
Oil money swallows SNK
On the 26th, SNK signed a stock transfer agreement with Saudi Arabian game company'Electronic Gaming Development Company (EGDC)', which entails a change of the largest shareholder. Through this, SNK shares purchased by EGDC amounted to 6,06,579,98, and the transfer price alone amounted to 207.3 billion, 4572 million won. The related transfer agreement will also include 94,7781 shares of China's Perfect World, the current second largest shareholder.