Tong Yang Power Inc. announced that it will issue 1,000,000 registered common shares at KRW 5,000 per share to returning investor, TONGYANG Cement & Energy Corporation for gross proceeds of KRW 5,000,000,000 on October 29, 2012. The investment date is October 30, 2012. The transaction was approved at the company's board of directors meeting.


On October 30, 2012, Tong Yang Power Inc. closed the transaction.