Hyundai Eco Energy Co., Ltd announced a private placement of 3,039,332 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 15,196,660,000 on January 26, 2018. The transaction will takes palace in two tranches. First tranche will occur in January 2018 and second tranche would be in March 2018. The transaction will involve participation from existing investor Hyundai Engineering & Construction Co., Ltd. (KOSE:A000720). Post the closing of the transaction, the investor will continue to hold 100% stake in the company. The shares will be issued at par. The company will issue 68.7941450 new shares per 1 existing share. The transaction has been approved by the board of directors of the company.