South-Seoul LRT Co, Ltd. announced a private placement of 1,100,000 common shares at KRW 5,000 per share for gross proceeds of KRW 5,500,000,000 on January 21, 2016. The shares will be issued at its par value. The transaction will include participation from the existing shareholders of the company including Daelim Industrial Co., Ltd. for 272,270 shares, Korea Development Corporation Co., Ltd. for 119,800 shares, and Samho International Co.

Ltd. for 43,564 shares respectively. On closing, the investors will hold 24.83%, 11%, and 4% stakes in the company respectively. The company will issue 7.91 new shares for every existing share in the company.

The subscription period for the shares will commence and end on February 22, 2016. The payment date for the shares is expected on February 26, 2016. The transaction was approved by the board of directors of the company.