KA Invest Incorporation announced a private placement of 245,000 shares at a price of KRW 100,000 for gross proceeds of KRW 24,500,000,000 on July 24, 2017. The shares will carry face value of KRW 5000.The transaction will include participation from Asiana Airport Inc for 58,800 shares for gross proceeds of KRW 5,880,000,000, Asiana IDT, Inc for 98,000 shares for gross proceeds of KRW 9,800,000,000 and Kumho Industrial Co., Ltd. (KOSE:A002990) 49,000 shares for gross proceeds of KRW 4,900,000,000 and Asiana Sabre, Inc for 39,200 shares for proceeds of KRW 3,920,000,000. The transaction has been approved by the board of directors of the company.

The subscription date for existing shareholder is July 25, 2017.