Nacon is filing for insolvency after a failed repayment by its majority shareholder. Despite that, another Nacon Connect showcase promoting its upcoming games is still slated for March.
This insolvency filing was made public on Wednesday morning, with a message to investors explaining that majority shareholder Bigben Interactive “was unable to make the partial repayment of its bond loan to its bondholders” because of “an unexpected and late refusal by its banking pool.”
Essentially, Bigben Interactive does not have the funds it needs, so Nacon is filing for insolvency and assessing actions to “ensure the sustainability of the company’s activity under the best possible conditions” for employees.
