Shinhan Alpha Yongsan REIT announced a private placement of 2,900,000 shares at a price of KRW 10,000 for gross proceeds of KRW 29,000,000,000 on January 15, 2019. The transaction included participation from existing investor Shinhan Alpha REIT Co., Ltd. (KOSE:A293940).The transaction was approved by investor's board of directors.