Sun Kwang Newport Container Terminal Co.,Ltd announced a private placement of 4,100,000 common shares at a price of KRW 5,000 per share with existing investor, Sun Kwang Co., Ltd. for gross proceeds of KRW 20,500,000,000 on March 13, 2014. The company will issue 0.4767441 shares for each existing share in the rights issue. The investor will continue to hold 100% stake in the company.

The scheduled investment date is April 8, 2014. The board of directors of the investor approved the transaction.