Dream Commerce Co.,Ltd. announced a private placement of 4,000,000 common shares at KRW 5,000 per share for gross proceeds of KRW 20,000,000,000 on July 13, 2015. The shares will be issued at par. The transaction will include participation from existing shareholders including, Hwasung Industrial Co., Ltd. which holds majority stake in the company.

The company will issue 6.6666667 shares per each existing share. The subscription period will start on July 13, 2015 and end on July 14, 2015. The payment date for the transaction is July 15, 2015.

The transaction will place through 3rd party allotment. The company reported total assets of KRW 2,989,711,531 for the year ended December 31, 2014. The transaction has been approved by the board of directors of Hwasung Industrial Co., Ltd.