Hanwha Chemical Overseas Holdings, Co., Ltd. announced a private placement of 8,000 common shares at KRW 500,000 per share with existing investor, Hanwha Chemical Corp. for gross proceeds of KRW 4,000,000,000 on January 24, 2014. The shares being issued carry a par value of KRW 5,000 per share which are being issued at a premium of 9,900%.

The record date for new shares, the subscription date, and the payment date for the transaction will be February 3, 2014. The company will issue 0.0533301 share for each share held by the investor. 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.