Interflex Co., Ltd. (KOSE:A051370) agreed to sell 12.52% stake in Signetics Korea Co., Ltd. (KOSE:A033170) for KRW 30 billion on October 25, 2012. Interflex will sell 10.73 million shares of Signetics. Post transaction, Interflex will hold 5 million shares of Signetics.

The transaction was resolved by the Board of Directors of Interflex. The transaction is scheduled to complete on October 25, 2012.