[Edaily Reporter Park Sun-Yeop ] Shares of Wemade Co., Ltd. are surging in unison in early trading. This is believed to be driven by news of a 920 billion won stock transfer agreement involving a change in the company’s largest shareholder, which has boosted investor sentiment.
According to MP Doctor on the 1st, Wemade Co., Ltd.(112040)was trading at 25,100 won as of 9:31 a.m. that day, up 5,770 won (29.85%) from the previous trading day. At the same time, Wemade Play(123420)and Wemade Max(101730)also rose 29.97% each, hitting their daily price limit.

Wemade Co., Ltd. announced after the market closed the previous day that it had signed an agreement to transfer 13,350,738 common shares held by its largest shareholder, Park Kwan-ho, to Neopulse. The transferred stake represents 39.33% of the company, and the total transaction amount is 920 billion won. The transfer price per share is 68,910 won.
A down payment of 92 billion won was made on the 30th of last month, and the remaining 828 billion won is scheduled to be paid on October 30. Upon completion of the transaction, NeoPulse will hold 13,663,791 shares of Wemade Co., Ltd.—representing a 40.25% stake—including its existing holdings.
Neopulse is a South Korean corporation established in October of last year, with Shengsong Investment Co., Limited as its largest shareholder. Through a corrected disclosure, Wemade Co., Ltd. revised Neopulse’s main business activities to include non-financial holding company operations, as well as game software development and distribution.
The market is focusing on the fact that the transfer price per share significantly exceeds the current stock price, as well as the possibility of a change in management control. However, this agreement will take effect only after certain preconditions—such as approval of the merger filing—are met or waived.