Hyundai Busan Container Terminal announced a private placement of 702,000 common shares at KRW 5,000 per share for gross proceeds of KRW 3,510,000,000 on January 6, 2017. The transaction will include participation from returning investors, Hyundai Development Company Engineering & Construction (KOSE:A012630) for 468,000 common shares to retain its 66.67% stake in the company, Daewoo Engineering & Construction Co., Ltd. (KOSE:A047040) for 175,500 shares, and Hyundai Merchant Marine Co.,Ltd. (KOSE:A011200) for 58,500 common shares. The company will issue securities through third party allotment method.

The company will issue shares at par. The payment date is January 23, 2017. The transaction has been approved by the board of directors of the company.