Updated Mar 17, 2026 by SNK Corporation
SNK Corporation officially delisted from the KOSDAQ on May 18, 2022, ending its public trading status that began in May 2019.
The 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 2021 and February 2022.
EGDC intends to purchase all remaining shares to transition SNK into a private, wholly-owned subsidiary.
The delisting was finalized following an April 2022 extraordinary general meeting of shareholders and formal approval from the Korea Exchange in early May 2022.
SNK will maintain its corporate headquarters in Suita, Osaka, as it shifts focus toward long-term growth under its new private ownership structure.
This acquisition reflects a broader industry trend of Middle Eastern capital investment aimed at diversifying global media, culture, and technology assets.
SNK Corporation officially delisted from the KOSDAQ on May 18, 2022, ending its public trading status that began in May 2019.
The 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 2021 and February 2022.
EGDC intends to purchase all remaining shares to transition SNK into a private, wholly-owned subsidiary.
The delisting was finalized following an April 2022 extraordinary general meeting of shareholders and formal approval from the Korea Exchange in early May 2022.
SNK will maintain its corporate headquarters in Suita, Osaka, as it shifts focus toward long-term growth under its new private ownership structure.
This acquisition reflects a broader industry trend of Middle Eastern capital investment aimed at diversifying global media, culture, and technology assets.