KUMHORESORT Co., Ltd. announced a private placement of 750,000 shares at KRW 20,000 per share for gross proceeds of KRW 15,000,000,000 on July 28, 2014. The company will issue the shares at a premium of 300% of its face value. The company will issue the shares to its existing shareholders. The company will issue 0.0493107 shares per one existing share in the company. The scheduled subscription period will commence and end on August 28, 2014. The payment date and the scheduled date for the delivery of the shares as part of the transaction are expected on August 28, 2014.

August 18, 2014, the company announced that the transaction will include participation from an existing investor, Asiana Abacus Inc. for 51,259 shares for gross proceeds of KRW 1,025,180,000. The board of directors have approved the participation of Asiana Abacus Inc. in this transaction.


On August 28, 2014, KUMHORESORT Co., Ltd. closed the transaction. The transaction also included participation from existing investors, Asiana Airport Inc., Asiana IDT, Inc., and Kumho Terminal Co., Ltd. for 53,957 shares, 134,892 shares, and 134,892 shares respectively. As part of the transaction, Asiana Abacus Inc., Asiana Airport Inc., Asiana IDT, Inc., and Kumho Terminal Co., Ltd. acquired 0.16%, 0.17%, 0.43%, and 0.43% stake respectively, increasing their stakes to 7%, 7.37%, 18.42%, and 18.42% in the company respectively.