Sun Kwang Newport Container Terminal Co.,Ltd announced a private placement of 4,600,000 shares at KRW 5,000 per share for gross proceeds of KRW 23,000,000,000 on August 6, 2013. Existing shareholders will invest in the transaction. The company will issue 2.3 new shares for every one existing share. The start date of the subscription period is August 7, 2013 and end date of the subscription period is August 16, 2013. The payment date for the transaction is August 20, 2013. The shares which are not subscribed by shareholders will be offered to existing shareholders, and the forfeited shares afterwards, will be offered to the general public. The transaction was approved at the company's board of directors' meeting.

On August 16, 2013, the company announced that existing investor, Sun Kwang Co., Ltd will invest in the transaction. After closing of the transaction, the investor will increase its stake in the company from 90% to 96.96%. The transaction was approved at the investor's board of directors' meeting.