Paik Kwang Industrial Co., Ltd. (KOSE:A001340) sold 41.28% stake in Nanowin Co., Ltd. for approximately KRW 1 billion on May 4, 2012. Paik Kwang Industrial Co., Ltd. sold 97000 shares of Nanowin Co., Ltd. Following the completion of the deal, Paik Kwang Industrial still holds 94,000 shares or 40% stake in Nanowin Co. For the year ended December 31, 2011, Nanowin Co., reported revenues of KRW 11.1 billion, total assets of KRW 17.9 billion, net loss of KRW 536.56 million and total common equity of KRW 6.12 billion. The Board of Directors of Paik Kwang Industrial Co., Ltd passed a resolution for the transaction on May 4, 2012. Paik Kwang Industrial Co., Ltd. (KOSE:A001340) completed the sale of 41.28% stake in Nanowin Co., Ltd. on May 4, 2012.