Shinhan Alpha Yongsan REIT announced that it expects to receive KRW 8.918367346 billion in funding from Shinhan Alpha REIT Co., Ltd.
Shinhan Alpha Yongsan REIT announced that it will issue 4,600,000 shares at a price of KRW 1,938.77551 for gross proceeds of KRW 8,918,367,347 on October 26, 2018. The transaction will include participation from new investor Shinhan Alpha REIT Co., Ltd. (KOSE:A293940) for 80.33% stake. The investor will also acquire 300,000 existing shares along with the transaction. The transaction is expected to close on October 29, 2018.