Top Engineering Co. Ltd. (KOSE:A065130) agreed to sell 38.1% stake in IM Tech Inc for KRW 10.2 billion on November 11, 2013. Top Engineering will sell 0.4 million shares in the transaction to improve business structure to ensure management efficiency, and to secure investment funds through reinforcement of integrity.

The resolution date of Board of Directors is November 11, 2013. The scheduled date for sale is December 12, 2013.