- 01
SNK Corporation officially delisted its Korean Depositary Receipts (KDR) from the KOSDAQ on May 18, 2022.
- 02
Electronic Gaming Development Company (EGDC), a subsidiary of the Mohammed Bin Salman Bin Abdulaziz Al Saud Foundation, acquired a 96.18% ownership stake in SNK through a tender offer conducted between December 17, 2021, and February 10, 2022.
- 03
EGDC secured 20,256,653 KDRs during the tender offer, triggering the mandatory delisting criteria set by the Korea Exchange.
- 04
SNK is transitioning into a wholly-owned subsidiary of EGDC through a squeeze-out process to acquire all remaining outstanding shares.
- 05
The delisting follows a three-year period on the KOSDAQ, where SNK had been listed since May 7, 2019.
- 06
The corporate restructuring aims to consolidate ownership under EGDC to focus on the company's long-term enterprise value and operational development.