Odaily Planet Daily News According to market news, Binance is seeking to sell its stake in Gopax to Megazone, the parent company of Megazone Cloud. Binance is said to be in final negotiations with Megazone on the sale of equity to reduce its 72.6% stake in Gopax operator Streamy to 10%. Binance acquired a portion of Gopax's shares in February last year and is reported to have declared itself its largest shareholder, but South Korea's financial regulator has not decided whether to accept Binance's report for more than a year. The Financial Supervisory Commission of South Korea has asked Binance to change its status as its largest shareholder and reduce its stake to less than 10%. Binance has conveyed its intention to improve its governance structure to regulators. (chosun)
