B.H. Corporation Co., Ltd. announced a private placement of 2,600,000 common shares at KRW 10,000 per share with existing investor, The Basic House Company Limited for gross proceeds of KRW 26,000,000,000 on April 17, 2012. The company has received board approval for the transaction. The scheduled acquisition date is April 18, 2012. The company had total assets of KRW 14,766,000,000, revenues of KRW 23,534,000,000, and net loss of KRW 693,000,000 in year ending 2011. On April 18, 2012, B.H. Corporation Co., Ltd. closed the transaction.