Chinese gaming company Kingnet is joining the consortium seeking management control of Wemade by investing $298 million, or about 400 billion Korean won, for a 49% stake in Hong Kong-based Neosphere. Neosphere fully controls NeoPulse through SungSong Investment, and NeoPulse has agreed to acquire Wemade Chairman Park Kwan-ho’s 39.33% stake for 920 billion won. The remaining 828 billion won payment and regulatory procedures are scheduled for completion by October 30, after which NeoPulse would hold 40.25% and become Wemade’s largest shareholder. Kingnet will not directly acquire Wemade shares or control its management, but is seeking an exclusive license for The Legend of Mir intellectual property, along with profit-sharing and China adaptation and publishing rights. The move follows a February reconciliation agreement that ended years of royalty disputes, with Wemade receiving about 43 billion won in April.