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KG Inicis sells US$15m share to NHN Entertainment

June 29, 2016 - 14:11 By 황유미
[DISCLOSURE] KG Inicis (035600) announced on June 29 that it has sold 1,329,005 shares of its own to NHN Entertainment (181710) for 17.7 billion won (US$15 million) in an after-hours block deal on June 29. The purpose of the sale is to participate in NHN Entertainment’s Payco O2O business, it said on June 28.