Eusu Logistics Corporation announced a private placement of 3,760,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 18,800,000,000 on November 21, 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 6,899,533 to 10,659,533 and the investor will continue to retain its 100% stake in the company. The transaction is expected to close on November 30, 2018. The transaction has been approved by the board of directors of the investor. The company reported total assets of KRW 88,441,275,782, total liabilities of KRW 68,138,341,695, total capital of KRW 20,302,934,087, capital of KRW 16,997,665,000, Sales amount of KRW 233,074,759,705, and net loss of KRW -25,528,882,326 for the year ended December 31, 2017.