Shinsegae DF Inc. announced a private placement of 2,000,000 common shares at an issue price of KRW 50,000 per share for gross proceeds of KRW 100,000,000,000 on June 8, 2018. The transaction will involve participation from returning investor Shinsegae Inc. (KOSE:A004170). The transaction is expected to close on June 25, 2018. The company announced that it will issue 0.3389830 new shares per 1 existing share. The shares will be issued at a premium, having a face value of KRW 5,000 per share. Post the closing of the transaction, the number of shares issued by the company will increase from 5,900,000 to 7,900,000 and the investor will continue to hold 100% stake in the company. The transaction was approved by the board of directors of the company.