Dongkook Industrial Co. Ltd. (KOSE:A001620) agreed to sell 6.15% stake in Dong Yang Steel Pipe Co. Ltd. (KOSE:A008970) for KRW 12.2 billion on October 13, 2011. Dongkook will sell 5 million shares of Dong Yang Steel and will retain 20.13% stake in Dong Yang Steel. The transaction was resolved by the Board of Directors on October 13, 2011. The deal is expected to close on October 13, 2011.

Dongkook Industrial Co. Ltd. (KOSE:A001620) cancelled the sale of 6.15% stake in Dong Yang Steel Pipe Co. Ltd. (KOSE:A008970) on October 13, 2012.