SoftForum Co. Ltd. (KOSE:A054920) agreed to sell 14.87% stake in Wizit Co. Ltd. (KOSE:A036090) for KRW 4.4 billion on October 18, 2011. SoftForum will sell 5.5 million shares of Wizit and will hold no stake in Wizit after the completion of the transaction. The transaction was resolved by the Board of SoftForum on October 18, 2011. The proceeds from the transaction will be used by SoftForum to secure investment funds and improve financial structure.

SoftForum Co. Ltd. (KOSE:A054920) cancelled the sale of 14.87% stake in Wizit Co. Ltd. (KOSE:A036090) on October 18, 2012.