ILJIN Composites Co., Ltd. announced a private placement of 166,667 common shares at KRW 30,000 per share for gross proceeds of KRW 5,000,010,000 with existing shareholder, Iljin Diamond Co. Ltd. on December 29, 2014. The shares have face value of KRW 5,000 per share and were issued at premium of KRW 25,000 per share.

The investor retained 100% stake of the company on completion of the transaction. The company allocated 0.3787886 new shares for every existing share held. The transaction has been approved by board of directors of the investor.

The company generated total assets of KRW 15,384,499,195, total liabilities of KRW 10,891,000,000, total stockholders' equity of KRW 4,493,000,000, capital of KRW 2,200,000,000, sales revenues of KRW 2,050,000,000, and net loss of KRW 3,916,000,000 for the year ended December 2013.