JW Holdings Corporation (KOSE:A096760) agreed to sell 4.61% stake in JW Shinyak Corporation (KOSE:A067290) for KRW 15.1 billion in cash on November 3, 2011. JW Holdings Corporation will sell 1.6 million shares of JW Shinyak Corporation. Upon completion of the deal, JW Holdings Corporation will have 12.28 million shares in JW Shinyak Corporation. The Board of Directors has resolved the deal on November 3, 2011. The deal is expected to close on November 3, 2011.

JW Holdings Corporation (KOSE:A096760) cancelled the sale of 4.61% stake in JW Shinyak Corporation (KOSE:A067290) on November 3, 2012.