Saudi Crown Prince Now Owns 33% of SNK
Saudi Crown Prince Mohamed bin Salman is set to become the leading shareholder in publicly-listed South Korean software and hardware developer SNK Corporation through the Electronic Gaming Development Company (EGDC) firm held by the Mohamed bin Salman bin Abdulaziz Al-Saud (MiSK Foundation), according to a report published in South Korean publication Bloter. The report claims that EGDC has signed a stock transfer agreement with the studio which will see it acquire 33% of SNK’s outstanding share capital through mixture of treasury shares and a block owned by the current leading shareholder on 12th January 2021, for a sum in excess of ₩207bn (£139.9m). The suggested share purchase follows the signing of a corporate agreement between SNK and Saudi firm Manga Productions at the MiSK Global Forum event in 2017.
https://www.thegamingeconomy.com/202...eives-usd2-8m/