JT Corp. (KOSE:A089790) agreed to sell 31.85% stake in SANE Co., Ltd. for KRW 1.3 billion on December 27, 2012. JT Corp.

will sell 0.6 million shares of SANE Co., Ltd. Payment of approximately KRW 270 million will be done by December 31, 2012 and remaining KRW 1 billion will be paid until February 15, 2013. The transaction was resolved by the Board of JT Corp. The transaction is expected to complete by February 15, 2013.