Haitai Beverage Co., Ltd. announced a private placement of 19,000 shares of common stock at KRW 5,000,000 per share for gross proceeds of KRW 95,000,000,000 on April 21, 2015. The company will issue 0.0010840 new shares for 1 existing share held by the investors. The transaction includes participation from existing investor LG Household & Health Care Ltd. (KOSE:A051900), which will retain its 100% stake in the company following the transaction.

Eligibility date for dividend payout of new shares is January 1, 2015. Payment date is April 22, 2015. Scheduled subscription period of the shares start and end on April 22, 2015.

The transaction has been approved by its board of directors. The company had total assets of KRW 268,065,000,000, total liabilities of KRW 118,836,000,000, total stockholders' equity of KRW 149,228,000,000, capital of KRW 87,642,000,000, sales revenue of KRW 271,115,000,000, and net profit of current period of KRW 2,053,000,000 for the year ending on December 31, 2014.