S-Power Co., Ltd. announced a private placement of 2,000,000 common shares at KRW 2,500 per share with an existing investor, S-Energy Co., Ltd. for gross proceeds of KRW 5,000,000,000 on June 3, 2015. The shares were issued at par. After the completion of the transaction, the investor maintained its 100% stake in the company representing 5,838,495 shares.

The transaction has been approved by the board of directors of the investor. The company reported total assets of KRW 14,527,000,000, total liabilities of KRW 8,982,000,000, total stockholders' equity of KRW 5,545,000,000, capital of KRW 1,000,000,000, sales revenue of KRW 7,269,000,000, and net profit of KRW 536,000,000 for the year ending December 31, 2014.