The stockholders meeting season begins on the 24th… From securing investment capacity to promoting blockchain business
The game industry will enter the season of general shareholders meetings from the 24th. It is expected to be a place where you can get a glimpse of the future moves of major companies.
The game industry started with Neowiz on the 24th ▲Webzen, Netgames, Hanbitsoft on the 25th ▲Kakao Games, Mgame on the 28th ▲Netmarble, Com2uS, NHN, Devsisters, Joycity, Playwith on the 30th ▲NCsoft on the 30th, Pearl Abyss, Com2uS Holdings ▲ The shareholder meeting schedule will be continued on the 31st with Krafton, Sunday Toz, and Wemade.
At this years general shareholders meeting, you can get a glimpse of the future visions and strategies of major game companies. Wemade, Com2uS Holdings, Pearl Abyss, etc. increase the CB and BW limits in consideration of the possibility of future investment, while Neowiz, Com2us, Com2uS Holdings, Krafton, and Playwith added business purpose in the articles of incorporation to enter the full-fledged blockchain-based game market. change is also decided. Netmarble, Devsisters, NCsoft, Wemade, and Com2us decide on dividends to return profits to shareholders. Netgames and SundayToz announce a new start through a change of name. NHN is ahead of the approval of the physical spin-off plan for the cloud business division.
Wemade will increase the previous CB/BW issuance limit from 50 billion won to 500 billion won through some changes to the articles of incorporation. Com2uS Holdings will also increase from 80 billion won to 250 billion won, and Pearl Abyss from 10 billion won to 200 billion won.
This is interpreted as a proactive measure to anticipate the possibility of investment following business expansion in the future. Wemade and Com2uS Holdings are currently actively investing in strengthening partnerships to enter the blockchain-based game market. Pearl Abyss is also seeking to advance into the blockchain and metaverse fields as well as developing new titles.
Neowiz, Com2uS, Com2uS Holdings, Krafton, and Playweed add blockchain game development and distribution to new business purposes by changing the articles of association. Neowiz is seeking to enter the blockchain game market based on the Neopin platform together with its affiliate, Neofly. Com2us and Com2uS Holdings are also concentrating their capabilities on the blockchain platform C2X business at the group level, and are also putting their power into the metaverse business Com2verse. Krafton is planning to expand its business across cultural contents by adding not only blockchain but also movies, dramas, music, cartoons, and webtoons to its business purpose. Playwith also predicted the release of the blockchain-based game Seal M in Taiwan in May that incorporates a non-fungible token.
Netgames and SundayToz announced a change of name. In the case of Net Games, Nexon GT will be absorbed and reborn as Nexon Games. The merger agreement was already approved at the extraordinary general meeting of shareholders on February 8. The date of the merger between the two companies is March 31, and the expected period of suspension of stock trading is from the 29th of this month to the 14th of April. Net Games, which is reborn as Nexon Games, also decides on the appointment of inside directors including Nexon Korea CEO Lee Jung-heon. SundayToz, a casual game company acquired by Wemade, decided to change its name to Wemade Play.
NHN is about to approve the spin-off plan for the new corporation NHN Cloud through the physical division of the existing cloud business division. NHN explained the need for a spin-off to expand its cloud business, while taking into account the concerns of existing shareholders, it is mandatory to obtain a special resolution at the general shareholders meeting when a new corporation is listed for physical spin-off. Until then, it was decided to provide through changes in the articles of incorporation.
Dividend resolutions of major companies are also scheduled. Netmarble, Devsisters, NCsoft, Wemade, Com2us, etc. will decide on in-kind dividends at the general shareholders meeting. Netmarble pays 528 won per share, a total of 43.2 billion won, Devsisters 500 won per share for a total of 5.2 billion won, NCsoft 5860 won per share for a total of 119 billion won, Wemade 650 won per share for a total of 21.4 billion won, Com2uS 1,300 won per share for a total of 15.4 billion won.
In the case of Krafton, it is decided to compensate for the loss and transfer retained earnings from the capital reserve. Through this, 2 trillion won of retained earnings will be created. Krafton introduced a plan to transfer retained earnings in order to secure dividend-capable profits through a conference call last month.