Korea Securities Finance Corporation, a private firm which provides financing and services for securities’ firms, has decided to sell its holding of 19.9% in Metro Asia Capital, a privately held consumer financing company, reported Money Today.

Korea Securities Finance bought the stake for KRW 8bn (USD 7m) last year.

An unsourced part of the report claimed that the company plans to discuss the sale with the two other major shareholders first, but may sell it to a third party for a quick sale.

(Source: Money Today)