Hdc Ipark 1st Reit Co., Ltd announced that it will issue 59,850,000 common shares at a price of KRW 2,000 per share for gross proceeds of KRW 119,700,000,000 on March 24, 2021. The transaction will include participation from returning investor HDC Hyundai Development Company (KOSE:A294870), which will continue to hold 100% stake in the company. Post closing, the total number of issued shares of the company will increase from 3,000,000 shares to 62,850,000 shares. The transaction was approved by the board of directors of the investor.