Aplus Asset Advisor Co., Ltd. announced a private placement of 2,923,077 redeemable convertible preferred shares at KRW 6,500 per share for gross proceeds of KRW 19,000,000,500 on May 25, 2017. The preferred shares are convertible into common shares from May 26, 2017 till May 27, 2027. The transaction has been approved by board of directors of the company. The transaction will take place through a third party allotment. The dividend payout of preferred shares is January 1, 2017 and the payment date is June 9, 2017.