1. What happened? Wemade slightly reduces its stake in Wemade Max.
On August 19, 2025, Wemade disposed of 0.04% of its stake in Wemade Max through a related-party transaction. Wemade’s stake in Wemade Max decreased slightly from 74.09% to 74.05%.
2. Why? Background and implications of the stake change
This stake change was executed through an after-hours trade from Wemade’s related company, WEMIX PTE. LTD., to Wemade. The purpose of influencing management control remains, and this can be interpreted as a measure for short-term funding or portfolio adjustment. The stake change itself is minimal and is not expected to affect management control.
3. So what? Analyzing Wemade Max’s financials and market environment
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Financial Status
Wemade Max’s main revenue source is license sales based on the IPs ‘MIR4’ and ‘Night Crow’. It maintains a solid total equity and healthy liquidity. However, operating profit recorded a deficit due to increased investment in new game development and marketing expenses.
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Market Environment
The global gaming market is expected to slow down, but the blockchain gaming market has high growth potential. Macroeconomic factors such as exchange rate fluctuations, interest rates, and oil prices can affect Wemade Max’s performance.
4. What should investors do? Investment strategy and future outlook
This stake change is not expected to significantly impact Wemade Max’s stock price in the short term. Maintaining a ‘hold’ perspective is appropriate. However, it is necessary to closely monitor the company’s future performance improvements, the success of new game launches, and the sustainability of the blockchain business model. Furthermore, attention should be paid to external factors such as intensifying competition and regulatory changes.