YG Investment Inc. announced that it expects to receive KRW 10 billion in funding from YG Plus, Inc.
October 12, 2016
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YG Private Equity Inc. announced a private placement of 2,000,000 shares at KRW 5,000 per share for gross proceeds of KRW 10,000,000,000 on October 13, 2016. Each share will be issued at par. The company will issue 33.33 new shares per each existing share. The transaction will include participation from a returning investor, Phoenix Holdings Inc. (KOSE:A037270). As part of the transaction, the investor will maintain its 100% stake in the company. The subscription date and the payment date for the transaction is October 31, 2016. The transaction was approved by the board of directors of the company.
YG PLUS, INC, formerly PHOENIX HOLDINGS INC, is a Korea-based advertising agency. Along with its affiliated companies, the Company operates two categories of businesses: advertisement production business and media agency business. Its advertisement production business creates advertisements for its clients. Its media agency business publishes and broadcasts advertisements through mass media such as televisions (TVs), radios, newspapers, magazines, new media, such as cable TVs and Internet, as well as outdoor billboards, subways, buses and theaters. The Companyâs clients include COCACOLA, SK Telecom, THE FACE SHOP and others.
YG PLUS, INC. 
