BrainContents Decides to Dispose of 3.08 Million Shares of Swanicoco Stock

[Asia Economy Reporter Lee Gwanju] Brain Contents announced on the 8th that it has decided to dispose of 3,088,400 shares of its subsidiary Swanicoco. The disposal amount is 25,778,416,000 KRW, which corresponds to 16.24% of the company's equity capital.

The company stated that the purpose of the disposal is "to improve financial structure efficiency and soundness by securing cash liquidity."