K1 Second Howitak Management Real Estate Investment Hoesa Co.,Ltd. announced a private placement of 2,600,000 shares at a price of KRW 5,000 per share for gross proceeds of KRW 13,000,000,000 on August 16, 2013. The transaction will see participation from e-Starco Company Ltd. The scheduled acquisition date is August 19, 2013. The shares issued as part of the transaction represent 39.01% of the equity capital of the company.

The board of directors of e-Starco Company Ltd. approved the transaction.