Previously, the majority stake in SNK was owned by Hong
Kong-based Zuikaku Co., Limited, which owned 33.16 percent of SNK’s shares.
Perfect World, China’s third-largest game company, owns 18.23 percent, while,
while yet another Hong Kong entity owns the remaining 6.6 percent.
Electronic Gaming Development Company will purchase 28.8 percent of Zuikaku’s
stake, a total of 6.06 million shares. After three months, the Saudi Arabian
company has the option to purchase more shares, including Perfect World’s stake.