K1 No. 2 Real Estate Investment Trusts Company announced a private placement of 9,800,000 shares at KRW 5,000 per share for gross proceeds of KRW 49,000,000,000 on August 16, 2013. The round will include participation from new investor e-Starco Company Ltd. which will subscribe for 2,600,000 shares and hold a 26.26% stake in the company upon completion of the transaction.

The transaction is expected to close on August 19, 2013.