Hyundai Eco Energy announced a private placement of 37,668 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 188,340,000 on October 30, 2017. The transaction will involve participation from existing investor Hyundai Engineering & Construction Co., Ltd. (KOSE:A000720). The shares will be issued at par. The company will issue 37.6680000 new shares per 1 existing share. Post the closing of the transaction, the investor will continue to hold 100% stake in the company. The subscription and payment date for the transaction is October 31, 2017 and November 1, 2017 respectively. The transaction has been approved by the board of directors of the company.