Green Plus Co., Ltd. announced a private placement of 250,000 redeemable convertible preferred shares at KRW 6,000 per share for gross proceeds of KRW 1,500,000,000 on December 23, 2014. Shares to be issued have a face value of KRW 500 per share. The transaction has been approved by its board of directors.

Shares will hold a dividend payment starting from January 01, 2014. The transaction will take place through third party allotment. The transaction will include participation from new investor IBK Financial Group KONEX Investment Fund, a fund managed by IBK Capital Corporation.

The transaction has a payment date of December 26, 2014.