Saengbo Wooam New Stay REIT announced a private placement of 109,800 common shares at a price of KRW 50,000 per share for gross proceeds of KRW 5,490,000,000 on November 22, 2018. The transaction included participation from new investor ChinHung International, Inc. (KOSE:A002780). Post the closing of the transaction, the capital of the company will increase from 76,029,434,051 to 81,519,434,051. The transaction has been approved by the board of directors of the investor.