Neowiz Holdings, Subsidiary 'Neowiz Partners' Advances as Investment Specialist Company

Neoply → Name Change to Neowiz Partners

Neowiz Holdings changed the name of its subsidiary Neoply to Neowiz Partners through an extraordinary general meeting of shareholders held on the 17th.

Starting with this name change, Neowiz Partners plans to actively engage institutional investors (LPs) through partnerships with domestic and international venture capital (VC) and private equity (PE) investment firms. In particular, it aims to build an investment portfolio in leading companies in new technology fields such as artificial intelligence (AI) and robotics to foster future growth.

The blockchain business will be managed and invested in by H LAB, a local subsidiary in Abu Dhabi under Neowiz Partners, serving as an intermediate holding company. The operation of the blockchain business will continue to be carried out by Neopin, a subsidiary of H LAB. Through this, Neowiz Partners and H LAB plan to establish their identities as an investment specialist company and a blockchain specialist company, respectively.

A Neowiz Holdings official said, "We will maximize the corporate capabilities of Neowiz Partners and H LAB starting from this name change," adding, "Each will focus on their core businesses to enhance corporate value."