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MiCo Ltd. to Sell Stake in Korea-based Company


Monday, 7 Oct 2013 02:22am EDT 

MiCo Ltd. announced that it has decided to sell 1,799,999 shares of a Korea-based company, which is engaged in the precision cleaning and coating business, for KRW 17,999,990,000, to improve its financial structure and secure operating funds. The transaction settlement date is expected to be November 7, 2013. After the transaction, the Company will still hold a 74.28% stake (5,200,001 shares) in the target company. 

Company Quote

1920.0
50.0 +2.67%
18 Apr 2014