Kingnet joins Wemade control deal: what it means for Wemade stock

Kingnet committed USD 298.00 million to a consortium seeking control of Wemade on September 22, 2026, while the consortium targets a 40.25 percent stake. For Wemade stock, the transaction matters because the Mir intellectual property remains central to the companys value and Chinese gaming distribution strategy.

Control change targets October 30

According to The Economy on September 22, 2026, Kingnet joined an investor consortium led by Neopulse to acquire control of Wemade. The article said the consortium planned to complete payment and regulatory procedures by October 30, 2026, after which it would hold 40.25 percent and become Wemade largest shareholder.

The proposed equity sale was valued at USD 685.00 million in the same report. That structure gives the transaction a direct connection to Wemade strategy, because the consortium is seeking influence over the Mir franchise and its future commercial use in China.

Second-quarter revenue fell 7.30 percent

ATS View reports that Wemade generated KRW 108.00 billion of revenue in the second quarter of 2026, down 7.30 percent year on year. The company posted a KRW 21.00 billion operating loss, compared with KRW 8.50 billion of operating profit in the first quarter of 2026.

The underlying numbers show why ownership and licensing questions carry weight for the stock. Second-quarter net income was KRW 3.50 billion, while first-quarter net income was KRW 19.90 billion, leaving revenue and operating performance moving in different directions during the first half of 2026.

KOSDAQ value on October 2

Wemade was trading at KRW 15,510.00 on KOSDAQ at 11:03 a.m. KST on October 2, 2026, down KRW 220.00 or 1.40 percent from the prior close of KRW 15,730.00. The quoted market capitalization was KRW 524.3 billion, while the 52-week range extended from KRW 12,570.00 to KRW 34,850.00 as of September 30, 2026.

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