Nexon GT dives to near 6-month low on report of parent sales collapse

Nexon Games

26/06/2019 02:38

** Shares of Nexon GT Co Ltd  041140.KQ , an affiliate of
South Korean gaming giant Nexon Co Ltd  3659.T , fall as much as
19% to their lowest since Jan 4 
    ** Shares of Japan-listed Nexon Co drop 4.1%
    ** Nexon founder Kim Jung-ju has decided to suspend sales of
a controlling stake in NXC, the holding firm of Nexon Co,
according to a Korean Economic Daily report on Wednesday 
    ** The report says an unidentified global strategic investor
opted not to participate in the bidding and South Korea's Kakao
 035720.KS  offered low prices 
    ** Nexon spokesperson was not immediately available for
comment, while Kakao spokesman declined to comment 
    ** In May, NXC delayed a formal bidding process by a week, a
source said  urn:newsml:reuters.com:*:nL4N22Q0PL

 ((Reuters Messaging:
hyunjoo.jin.thomsonreuters.com@reuters.net))