Hansol Development Co., Ltd. announced a private placement of 14,187,457 common shares at a price of KRW 5,000 for gross proceeds of KRW 70,937,285,000 on July 26, 2019. The transaction will include participation from returning investors Hansol Holdings Co., Ltd. (KOSE:A004150) for 2,187,457 shares, Hyundai Development Company (KOSE:A294870) for 11,600,000 shares and from F&F Co., Ltd. (KOSE:A007700) for 400,000 shares. The transaction is expected to close on August 27, 2019.

The transaction has been approved by the board of directors.