S&S TECH Corporation (KOSDAQ:A101490) agreed to sell 28.1% stake in S&S CHEM Corporation for KRW 1.6 billion on July 29, 2014. S&S TECH will sell 0.79 million shares and will hold 1.2 million shares in S&S CHEM post transaction. The resolution for the transaction was passed by the Board of Directors of S&S TECH on July 29, 2014.

The transaction is expected to close on August 8, 2014.