Shinsegae DF Inc. announced a private placement of 3,533,568 common shares at an issue price of KRW 28,300 per share for gross proceeds of KRW 99,999,974,400 on April 28, 2020. The transaction will include participation from returning investor Shinsegae Inc. (KOSE:A004170) to retain its 100% stake in the company. The company will issue 0.2784810 new shares per 1 existing share. The company will issue the shares through shareholders allocation method. The shares will be issued at a premium. The transaction has been approved by the board of directors of the investor. The payment date of the transaction is May 12, 2020. Each share to be issued will have a face value of KRW 5,000.