SeAH Steel International Co., Ltd. announced a private placement of 2,999 common shares of face value of KRW 5,000 at a price of KRW 300,000 for gross proceeds of KRW 899,700,000 on July 22, 2019. The transaction will include participation from returning investor SeAH Steel Holdings Corporation (KOSE:A003030) which will continue to own 100% stake. The company will issue 0.0014995 shares per 1 existing share at a premium of 5,900% on theoretical ex-rights share price. The transaction is expected to close on July 23, 2019.