KCC Engineering & Construction Co., Ltd. (KOSDAQ:A021320) intends to divest 11.6% stake in The 2nd Youngdong Highway Co., Ltd. for KRW 19.6 billion. 1.43 million shares will be sold for KRW 7.13 billion within 10 business days from the initial withdrawal date after the finance contract, within October 14, 2014, another 1.43 million shares will sold for KRW 7.13 billion within 10 business days from the start of the operations, November 25, 2016 and 1.07 million shares will be sold for KRW 5.3 billion at the period 3 years after operation begins, expected within November 25, 2019. The above Phase 1 sales amount is the confirmed amount.

Phase 2 and 3's sales amount may change according to the discussions with the Ministry of Land, Infrastructure and Transport, who is the competent authority, and also by the actual volume of traffic during the operation period. The 2nd Youngdong Highway had stockholder's equity of KRW 387.58 billion. The transaction was resolved by Board of Directors of KCC Engineering & Construction on September 19, 2014.

Scheduled date for sales is November 25, 2019.