Nongshim Baeksansoo CO., Ltd announced a private placement of 1,235,330 common shares at KRW 32,380 per share for gross proceeds of KRW 39,999,985,400 on April 23, 2015. Each share has a face value of KRW 5,000 and will be issued at premium. The transaction will include participation from existing shareholder NongShim Co.

Ltd. which will hold 95.42% stake in the company following the transaction. The company will issue 0.2493508 new shares for every existing share. The subscription period will start and end on May 13, 2015.

The payment date for the transaction is May 13, 2015. The transaction has been approved by the board of directors of the company. The company had total assets of KRW 160,583,000,000; total liabilities of KRW 175,000,000; total stockholders' equity of KRW 160,408,000,000; capital of KRW 24,771,000,000; and net profit of current period of KRW -562,000,000 for the year ended on December 31, 2014.