Shinyoung Real Estate Co., Ltd. announced that it will issue 14,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 70,000,000,000 on January 6, 2021. The transaction will include participation from returning investor Shinyoung Securities Co., Ltd. (KOSE:A001720) for KRW 38,570,000,000 and other investors. Post closing, investor will hold 11,020,000 shares of the company, representing 55.1% stake. The transaction has been approved by the board of directors of the company, and is expected to close on January 14, 2021. The securities are issued through shareholder allocation increase. The subscription date is scheduled to be on January 12, 2021.