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Megastudy chairman sells shares worth US$8.7m to his brother

June 22, 2016 - 11:40 By 황유미
[DISCLOSURE] Megastudy (072870) chairman Son Ju-eun sold 170,000 shares (7.31 percent) to his brother Son Seong-eun, CEO of MegastudyEdu (215200), in an outside dealing, the company announced on June 22.
 
The total amount of the transaction was 10.1 billion won (US$8.7 million) and the chairman’s stake decreased to 12.51 percent from 19.82 percent, while his brother’s increased to 9.12 percent from 1.81 percent.