IGIS Data Center REIT Co.,ltd. announced a private placement of 5,000,000 common shares at KRW 2,000 per share for gross proceeds of KRW 10,000,000,000 on November 9, 2021. The shares carry a par value of KRW 1,000 each. The transaction will include participation from existing investor IGIS Value Plus REIT Co., Ltd. to retain its 100% stake in the company.

The transaction is by way of third party capital increase. The payment date for the shares is expected on November 24, 2021. The transaction has been approved by board of directors of the company.