KTHitel Co., Ltd. (KOSE:A036030) agreed to sell 6.06% stake in KT CAPITAL CORPORATION for KRW 34.9 billion in cash on September 26, 2013. After the disposal, KTHitel Co., Ltd. will hold 10.35% stake in KT CAPITAL CORPORATION. The Board of Directors of KTHitel Co., Ltd. resolved the deal on September 26, 2013.

The deal is expected to close on December 4, 2013. The transaction earlier was expected to be completed on February 11, 2014 and as per amendments on December 11, 2013, the transaction is now expected to be completed on March 11, 2014.