Advanced Digital Chips Inc. (KOSDAQ:A054630) agreed to sell 51% stake in Amerix Group, Inc. for KRW 1.3 billion on May 11, 2015. Advanced Digital Chips will sell 14.68 million shares in the transaction. The transaction is expected to close on May 12, 2015. As of May 12, 2015, the expected closing date was postponed from May 12, 2015 to May 14, 2015 due to withholding tax examination according to the share acquisition of Amerix Group, Inc.

Advanced Digital Chips Inc. (KOSDAQ:A054630) completed the sale of 51% stake in Amerix Group, Inc. on May 14, 2015.