The Eight Games Co., Ltd. announced a private placement of 200,000 shares at KRW 500 per share for gross proceeds of KRW 100,000,000 on May 3, 2016. The shares are issued to existing investor DOUBLEUGAMES Co., Ltd through third party allotment. Pursuant to the transaction, the investor holds 50.7% stake in the company, increasing its stake from 19.999813%. The company reported total assets of KRW 504,000,000, total liabilities of KRW 151,000,000, total capital of KRW 353,000,000, capital of KRW 161,000,000, sales of KRW 868,000,000, and net profit of KRW -356,000,000 for the year ended December 31, 2015.