Construction Guarantee Cooperative announced a private placement of 2,724 shares at a price of KRW 1,367,740 per share with existing investor, Pumyang Construction Co., Ltd. for gross proceeds of KRW 3,725,723,760 on March 10, 2014. The investor will hold 0.09% stake in the company upon closing. The board of the investor approved the transaction.

The scheduled acquisition date is March 12, 2014.