NOROO Holdings Co., Ltd. (KOSE:A000320) agreed to sell 7.25% stake in NOROO Paint & Coatings Co., Ltd. (KOSE:A090350) for approximately KRW 11.1 billion on December 22, 2014. NOROO Holdings Co., Ltd. will sell 1.45 million shares and will hold 10.1 million shares on completion. The deal is expected to close by December 23, 2014.