Kim Sang Jong and three related parties agreed to acquire 25% stake in Hysonic Co., Ltd. (KOSDAQ:A106080) from Moatech Co., Ltd. (KOSDAQ:A033200) for KRW 11.2 billion on March 7, 2014. The four individual investors include two management members of Hysonic. As reported, Moatech Co.

will sell 2.66 million shares of Hysonic Co and will hold 0.91 million shares representing 8.67% stake in Hysonic after the transaction. The impact of the sale of Hysonic Co. on Minebea's consolidated operating results will be minor.

The transaction is expected to be completed by March 25, 2014. Macquarie Capital acted as financial advisor to Minebea, parent of Moatech Co., Ltd.