Hdc Ipark 2nd Reit Co., Ltd announced that it has issued 59,850,000 shares at issue price of KRW 2,000 per share for gross proceeds of KRW 119,700,000,000 on June 24, 2021. The transaction included participation from returning investor, HDC Hyundai Development Company (KOSE:A294870). The investor holds 100% in the company post closing of the transaction. The transaction has been approved by the board of directors of the company.