Samyang Packaging Corporation announced a private placement of 5,247,000 shares at KRW 5,000 per share for gross proceeds of KRW 26,235,000,000 on December 2, 2014. The company will issue the shares at its face value. The company will issue the shares to its existing shareholder, Samyang Corporation.

On closing, the investor will continue to retain its 100% stake in the company. The company will issue 2.6235000 new shares for every existing share in the company. The subscription period for the shares will commence and end on December 4, 2014.

The payment date for the shares is expected on December 4, 2014. The transaction was approved by the board of directors of the investor.