HI Investment & Securities Co., Ltd. announced a private placement of 60,000,000 common shares at KRW 2,000 per share for gross proceeds of KRW 120,000,000,000 on June 11, 2015. The shares to be issued have par value of KRW 500 per share. The transaction will involve participation from Korea Investment & Securities Co., Ltd., Investment Arm, eBest Investment Securities Co., Ltd., Investment Arm, and an existing investor, Hyundai Mipo Dockyard Co., Ltd. for 49,944,126 shares. Hyundai Mipo Dockyard Co., Ltd. will maintain its stake at 83.24% in the company. The company's number of issued shares before the transaction was 351,384,867. The transaction will include participation from existing shareholders on the basis of one share for every 0.1707529 share held. The record date for the allotment of shares is July 1, 2015. The subscription period will start on August 6, 2015 and will end on August 7, 2015. The payment date is August 11, 2015. The transaction has been approved by the board of directors. The company will incur issuance expenses of KRW 327,600,000; of which KRW 21,600,000 is for contribution in stock issue, KRW 120,000,000 is registration tax, KRW 24,000,000 is for education Tax, KRW 110,000,000 is for stock valuation commission, and KRW 52,000,000 is for other issuance cost. The company will receive net proceeds of KRW 119,806,462,740. The company reported total assets of KRW 5,530,759,000,000, total liabilities of KRW 4,951,021,000,000, total capital of KRW 579,738,000,000, capital of KRW 175,692,000,000, sales amount of KRW 650,021,000,000, and net profit of KRW 22,744,000,000 for the year ended December 31, 2014.

On July 29, 2015, the company announced that the board of directors of Hyundai Mipo Dockyard Co., Ltd. approved its participation in the transaction.