Saw Incarnation Co., Ltd. announced a private placement of 960 shares at KRW 312,500 per share for gross proceeds of KRW 300,000,000 on November 25, 2013. The shares will be issued to new investor TERRASEM Co., Ltd. (KOSDAQ:A182690). Investor shall acquire 48.98% stake in the company through this transaction.

The company will issue shares through third party allocation method. The transaction is expected to be closed on November 26, 2013. The transaction has been approved by board of directors of the investor.

The company's outstanding shares will be increased from 1,000 shares to 1,960 shares.