Ecopro BM Co. Ltd. announced a private placement of 3,000,000 common shares at a price of KRW 10,000 per share for gross proceeds of KRW 30,000,000,000 on June 15, 2016. The shares being issued have par value of KRW 500 per share. The transaction will include participation from new investor, BM Holding Co., Ltd. The transaction is expected to close on June 16, 2016. The shares will be issued through third party allotment. The investor will acquire 19.354839% stake in the company. Post the closing; the total number of issued shares of the company will increase from 12,500,000 to 15,500,000. The transaction has been approved by the board of directors of the company. The eligibility date for dividend payout of new shares is January 1, 2016 and scheduled delivery date of new share certificates is June 28, 2016.