An unknown buyer agreed to acquire a 4.29% stake in Taihan Textile Co., Ltd. (KOSE:A001070) from CBI Co., Ltd. (KOSDAQ:A013720) for KRW 11.2 billion on June 30, 2022. Following sale of 227,272 shares, representing approximately 4.29% stake in Taihan Textile, CBI Co. will hold no stake in it.

The transaction is expected to close on December 31, 2022.