An undisclosed buyer agreed to acquire unknown minority stake in Kiswire Fine Metal (Qingdao) Ltd. from KisWire Ltd. (KOSE:A002240) for KRW 4.7 billion on November 17, 2016. The transaction involves sales of Kiswire Fine Metal shares through investment-in-kind with Kiswire Hongkong Holding Ltd. The Board of KISWire passed the resolution for the transaction on November 17, 2016. The transaction is expected to close on November 17, 2016.