Daedong Korea Ginseng Co.,Ltd. announced a private placement of 1,314,285 convertible and redeemable preferred shares at KRW 3,500 per share for gross proceeds of KRW 4,599,997,500 on June 29, 2015. The par value of the shares is KRW 500 each. The shares will be issued at a premium of 11.8%.

The transaction will include participation from Nau Agrifood Investment Fund 2 and Nau Agrifood Investment Fund 3, funds managed by Nau IB Capital, Investment Arm for 200,000 shares and 685,714 shares respectively, Nanum Agro-Livestock Specialized Investment Fund 1, a fund managed by SB Investment for 385,714 shares, and DS Investment Management for 142,857 shares. The company will issue the shares via third party allotment method. The shares issued as part of the transaction is convertible into common shares of the company.

The payment and the subscription date are expected on June 30, 2015. The transaction as approved by the board of directors of the company.