Shinhan Alpha Yongsan REIT announced that it will issue 4,600,000 shares at a price of KRW 1,938.77551 for gross proceeds of KRW 8,918,367,347 on October 26, 2018. The transaction will include participation from new investor Shinhan Alpha REIT Co., Ltd. (KOSE:A293940) for 80.33% stake. The investor will also acquire 300,000 existing shares along with the transaction. The transaction is expected to close on October 29, 2018.