Neo Technical System Co., Ltd. (KOSE:A085910) agreed to sell 7.73% stake in ORIX Savings Bank for KRW 6.6 billion on December 19, 2011. For the year ended June 30, 2011, ORIX Savings Bank reported revenues of KRW 54.29 billion, total assets of KRW 690.1 billion, net income of KRW 771.6 million and total common equity of KRW 80.5 billion. The Board of Directors of Neo Technical System Co., Ltd. passed a resolution for the transaction. The deal is expected to complete on January 17, 2012.

Neo Technical System Co., Ltd. (KOSE:A085910) cancelled the sale of 7.73% stake in ORIX Savings Bank on December 19, 2012.