BaekHak Beverage CO., LTD announced a private placement of 2,600,000 shares at KRW 5,000 per share for gross proceeds of KRW 13,000,000,000 on October 6, 2014. The shares will be issued at par. The transaction will include participation from existing investor, Lotte Chilsung Beverage Co., Ltd. As part of the transaction, the investor will increase its stake from 80% to 86.1%.

The transaction was approved by the board of directors of the investor. The payment date for the transaction is October 10, 2014.