Bohae Maewon Co. Ltd. announced a private placement of 50,000 common shares at KRW 90,000 per share for gross proceeds of KRW 4,500,000,000 on August 20, 2014. The shares will be subscribed by existing investors.

Bohae Brewery Co. Ltd. will subscribe to 46,925 shares for KRW 4,223,250,000 and maintain its 93.85% stake in the company. The scheduled investment date is August 25, 2014.

The transaction was approved by the board of directors of the company. The company reported total assets of KRW 5,256,000,000, total liabilities of KRW 4,329,000,000, total stockholders' equity of KRW 926,000,000, sales revenue of KRW 1,072,000,000 and net loss of KRW 220,000,000 for the period ending December 31, 2013.