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[Kaying Network: Plans to indirectly invest in Korean game company Wemade] September 12th, Kaiying Network (002517) announced on the evening of September 12 that the company plans to indirectly invest in Korean company Wemade (Entertainment and Beauty). Yumeide is a game company listed on the Korean Exchange Kosdaq. It is the first generation of online game R&D companies in South Korea and the original rights holder of the extremely influential "Legendary" IP. After the completion of this transaction, the company will indirectly hold 49% of the 40.25% controlling interest in Yumede, and Yumede will become the company's indirect shareholder in an overseas listed company. In this transaction, the company's overall estimated investment is US$298 million (approximately RMB 2.03 billion).
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