Sangsu Ulsan Energy Co., Ltd. announced a private placement of 51,800 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 259,000,000 on January 17, 2018. The shares are issued at par. The company will allot 0.0300644 new shares allocated per 1 existing share. The transaction was approved by the board of directors of the company. The transaction included participation from Taeyoung Engineering & Construction Co.,Ltd. (KOSE:A009410).