OCI Power Co., Ltd. announced a private placement of 610,000 common shares at KRW 5,000 per share for gross proceeds of KRW 3,050,000,000 with existing investor, OCI Company Ltd. on January 17, 2014. The shares were issued at par value. The investor will retain 100% stake of the company after the transaction. The investor will subscribed shares by using pre-emptive right investment method. 0.4511834 new shares will be issued for every existing share held. The subscription period will start and end on January 20, 2014. The transaction has been approved by board of directors of the company.

On January 20, 2014, OCI Power Co., Ltd. closed the transaction.