Construction Guarantee Cooperative announced a private placement of 2,724 shares at a price of KRW 1,367,740 per share with existing investor, Pumyang Construction Co., Ltd. for gross proceeds of KRW 3,725,723,760 on March 10, 2014. The investor will hold 0.09% stake in the company upon closing. The board of the investor approved the transaction. The scheduled acquisition date is March 12, 2014.

On March 12, 2014, Construction Guarantee Cooperative closed the transaction.