[Featured Stock] NetGames Rises on News of Merger with Nexon GT

[Asia Economy Reporter Song Hwajeong] NetGames soared to the upper limit following the merger news with Nexon GT.

As of 10:11 AM on the 17th, NetGames was traded at 23,000 KRW, up 5,300 KRW (29.92%) from the previous day. Nexon GT also surged more than 20%.

The day before, Nexon announced that its development subsidiaries NetGames and Nexon GT are scheduled to merge on March 31 next year. The merger ratio is 1 to 1.0423647 (NetGames:Nexon GT), with NetGames as the surviving company. The new corporation's tentative name is Nexon Games.