Yeongcheon Sangju Expressway Co., Ltd. announced a private placement of 2,336,768 common shares at KRW 5,000 per share for gross proceeds of KRW 11,683,840,000 with existing shareholders on June 12, 2014. The investor will include participation from other existing investors including Daelim Industrial Co., Ltd. (KOSE:A000210), which will invest KRW 8,791,040,000. After subscribing 1,121,440 shares, Daelim Industrial Co., Ltd. (KOSE:A000210) will hold 29.68% stake on completion of the transaction. The shares will be issued at face value. For 1,700,000 common shares, the company will allocate 0.0473758 new shares for every existing share held. The subscription period will start and end on June 23, 2014. The payment date will be June 25, 2014. Forfeited shares from 1,700,000 shares will not be issued and forfeited shares from 636,768 shares will be treated after an equity transfer of 4.78% stake held by Ssangyong Engineering & Construction Co., Ltd. to Daelim Industrial Co., Ltd. (KOSE:A000210), which will acquire 4.25% stake and SAMHO international. co. LTD. (KOSE:A001880), which will acquire 0.47% stake. The transaction has been approved by board of directors of the company.

On June 18, 2014, the company announced that it has issued 573,361 shares for KRW 2,866,805,000 in its 26th tranche and 548,080 shares for KRW 2,740,400,000 in its 27th tranche.

On June 19, 2014, the company announced that the board of directors of Daelim Industrial Co., Ltd. (KOSE:A000210) approved the transaction.

On June 25, 2014, Yeongcheon Sangju Expressway Co., Ltd. closed the transaction. Existing investor, SAMHO international. co. LTD. (KOSE:A001880) invested for 124,097 shares, representing 0.13% stake and increased its holding from 3.16% to 3.29%. The stake of Daelim Industrial Co., Ltd. (KOSE:A000210) has increased by 1.19% from 28.49%.