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. An undisclosed buyer cancelled the acquisition of unknown minority stake in Kiswire Fine Metal (Qingdao) Ltd. from KisWire Ltd. (KOSE:A002240) on November 17, 2017.