Kait Capital Co., Ltd announced a private placement of 4,000,000 at KRW 5,000 per share for gross proceeds of KRW 20,000,000,000 on July 15, 2016. The shares will be subscribed by existing investor Korea Asset In Trust Co., Ltd. (KOSE:A123890). Investor shall acquire 33.333333% stake in the company through this transaction. The company's shares will increase from 8,000,000 to 12,000,000. The investor shall continue to hold 100% stake in the company. The shares will be issued at its face value. The number of new shares allocated per one existing share is 0.5 share. The subscription date begins and ends on July 25, 2016 and payment date is July 26, 2016. The shares will be delivered on July 27, 2016. The transaction has been approved by the board of directors of the investor. The company has reported total assets of KRW 53,741,049,443, total liabilities of KRW 5,540,175,811, total capital of KRW 48,200,873,632, capital of KRW 40,000,000,000, sales amount of KRW 10,912,854,213, and net profit of current period of KRW 5,340,637,551 for the year ended 2015.