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Soulbrain to sell off entire W2.5b stake of subsidiary

Aug. 23, 2016 - 18:11 By 윤정현
[DISCLOSURE] Soulbrain (036830) announced Aug. 23 that it will sell its entire 2 million shares of subsidiary Soulbrain Memsys for 2.57 billion won (US$2.3 million), which amounts to 7.04 percent of its revenue last year on a consolidated basis.

Soulbrain Memsys produces and sells semiconductor testing devices and will be sold off on Sept. 23.

By Yun Jeong-hyeon (clareyun@heraldcorp.com)