Hyundai Rental Care Co., Ltd. announced a private placement of 2,000,000 common shares at KRW 50,000 per share for gross proceeds of KRW 100,000,000,000 on February 12, 2019. The transaction involved participation from existing investor, Hyundai Home Shopping Network Corporation (KOSE:A057050) to retain its 100% stake in the company. The shares carry a face value of KRW 5,000 and are issued at a premium. The total number of issued shares has increased from 13,800,000 shares to 15,800,000 shares. The transaction has been approved by the board of directors of the investor. The company issued 0.1449275 new shares per one existing share.