Sae-Ah Chim Co., Ltd. announced a private placement of 1,890,000 common shares at KRW 5,000 per share for gross proceeds of KRW 9,450,000,000 with new investor Samyang Foods Co Ltd on May 6, 2015. The investor will acquire 48.96% stake of the company through this transaction. The transaction has been approved by board of directors of the investor.

The company generated total assets of KRW 36,942,000,000, total liabilities of KRW 46,992,000,000, negative total stockholders' equity of KRW 10,049,000,000, capital of KRW 430,000,000, sales revenues of KRW 58,820,000,000, and net loss of KRW 2,219,000,000 for the year ended December 31, 2014.