Jeju Green Power Co., Ltd. announced a private placement of 960,000 shares at KRW 5,000 per share for gross proceeds of KRW 4,800,000,000 on August 20, 2015. The transaction will include participation form returning investor, Welcron Kangwon Co., Ltd. for 460,000 shares. Welcron Kangwon Co., Ltd. will dilute its stake to 52.83% in the company.

The company issued 9.6 new shares for every existing share. The subscription date will start and end on August 20, 2015. The payment date for the transaction is August 20, 2015.

The transaction has been approved by the board of directors of the investor. The company reported total assets of KRW 5,300,000,000, total capital of KRW 5,300,000,000, and capital of KRW 5,300,000,000 for the year ended December 31, 2014.