ADM Korea Inc. announced a private placement of 4,615 common shares at a price of KRW 1,299,900 for gross proceeds of KRW 5,999,038,500 on April 29, 2019. The transaction is through third party allotment method. The transaction will include participation from new investors Company K Promising Service Fund for 3,077 shares and Industrial Bank of Korea (KOSE:A024110) for 1,538 shares.

The transaction has been approved by the board of directors. The scheduled delivery date of new share certificates is May 2, 2019 and payment date is April 30, 2019.