DKDONGSHIN Industries co. Ltd. announced a private placement of 2,160,000 common shares at KRW 11,111 per share for gross proceeds of KRW 23,999,760,000 on May 12, 2014. The shares will be subscribed by third party allocation by new investor Dongkuk Structures and Construction Co., Ltd. for a 48.98% stake in the company.

The acquisition date for the transaction is May 14, 2014.