Eusu Logistics Co., Ltd. announced a private placement of 3,500,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 17,500,000,000 on February 12, 2018. The transaction will involve participation from existing investor Eusu Holdings Co., Ltd. (KOSE:A000700). Post the closing of the transaction, the total number of shares issued by the company will increase from 3,399,533 to 6,899,533 and the investor will continue to retain its 100% stake in the company. The shares will be issued at par. The company will issue 1.0295532 new shares for each existing share. The transaction is expected to close on February 28, 2018. The transaction has been approved by the board of directors of the investor.