Samwha Electric Co., Ltd. (KOSE:A009470) sold 35.7% stake in Samwha Tecom Co., Ltd. for KRW 1.6 billion on June 8, 2015. As reported, Samwha Electric sold 0.24 million shares. Board of Directors of Samwha Electric Co made a resolution in favor of the transaction on June 8, 2015. Samwha Electric will use the proceeds for working capital.

Samwha Electric Co., Ltd. (KOSE:A009470) completed the sale of 35.7% stake in Samwha Tecom Co., Ltd. on June 8, 2015.