South-Seoul LRT Co., Ltd. announced a private placement of 3,876,065 common shares at KRW 5,000 per share for gross proceeds of KRW 19,380,325,000 on August 2, 2016. The transaction will include participation from existing shareholders of the company. The subscription and payment date is August 31, 2016.

The investors will acquire 76.694836% stake in the transaction. The board of directors of the company has approved the transaction.