KOREA ASSET INVESTMENT CAPITAL Co., Ltd announced a private placement of 8,000,000 common shares at a price of KRW 5,000 per share for the gross proceeds of KRW 40,000,000,000 on November 4, 2020. The transaction included participation from returning investor Korea Asset In Trust Co., Ltd. (KOSE:A123890). The shares will be issued at par value. The transaction has been approved by board of directors of the investor. The company will raise the funds through shareholder allocation increase and cash acquisition method. The number of new shares allocated per share is 0.6666667. Post closing of the transaction, investor will retain 100% stake in the company. The transaction is expected to close on December 4, 2020.