KC Fresh Agriculture Co., Ltd. announced a private placement of 3,200,000 shares at KRW 5,000 per share for gross proceeds of KRW 16,000,000,000 on September 25, 2014. The transaction will include participation from returning investor KC Feed Co., Ltd. Post transaction investor will hold 96% stake in the company. Expected settlement date for transaction is September 29, 2014. The scheduled subscription period for the shares will commence on September 25, 2014 and end on September 29, 2014. The company will issue 4 new shares for 1 existing share in the company. The transaction was approved by the board of directors of the investor on the same date. The company reported total assets of KRW 24,710,000,000 total liabilities of KRW 24,680,000,000, total stockholders' equity of KRW 30,000,000, revenue of KRW 91,000,000, and net loss of KRW 2,335,000,000 for the year ended December 31, 2013.

On September 29, 2014, KC Fresh Agriculture Co., Ltd. closed the transaction.