YoungNam Flour Mills Co., Ltd. (KOSDAQ:A002680) has denied the stake sale by its largest shareholder. A local media earlier reported that YoungNam's owner decided to sell the management right due to a loss of corporate reputation after the owner's family was found to have been involved in contract killing. YoungNam's shares went up by 15% on June 20, 2014 when the news was out but later dropped nearly 11% on June 23, 2014 when YoungNam declined the rumor.