Coinone CEO Cha Myung-hoon to Sell Stake in Com2us Holdings

IconCryptoNewsTerminal Staff15 Aug, 2024

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Coinone CEO Cha Myung-hoon to Sell Stake in Com2us Holdings

Coinone CEO, Cha Myung-hoon, is reportedly in talks with Com2us Holdings, a prominent South Korean gaming company, to part ways with a portion of his stake in the company. Cha is the major stakeholder of Coinone, holding 53.46% of its shares as of last year. The stake includes 34.31% from his personal company, The One Group, and 19.15% in his own name. Once the acquisition is complete, Com2us Holdings is set to become Coinone's largest shareholder, paving the way for Cha's departure from his leadership role at the company.