Estech Estimate Corp. announced a private placement of 40,000 common shares at KRW 5,000 per share with existing investor GS Engineering & Construction Corporation for gross proceeds of KRW 200,000,000 on December 31, 2014. The investor will continue to hold 100% stake in the company upon completion of the transaction. On the same date, the transaction was approved by the board of directors of the company. The shares being issued carry a par value of KRW 5,000 per share and will be issued through preferential allocation. The subscription date and the payment date for the transaction is January 8, 2015.

On January 8, 2015, Estech Estimate Corp. closed the transaction.