Shinhan Alpha Yongsan REIT announced a private placement of 3,800,000 shares at a price of KRW 10,000 for gross proceeds of KRW 38,000,000,000 on January 29, 2019. The transaction included participation from existing investor Shinhan Alpha REIT Co., Ltd. (KOSE:A293940). The outstanding number of shares will increase from 7,650,000 shares to 11,450,000 shares. The transaction was approved by board of directors of investor. The expected payment date is January 30, 2019.