Busan International Container Terminal Co.,Ltd. announced a private placement of 600,000 shares at KRW 5,000 per share for gross proceeds of KRW 3,000,000,000 on July 19, 2016. The shares will be issued at its face value. The company will issue 0.13634 new shares per 1 existing share. The capital of the company will increase from 4,400,676 shares to 5,000,676 shares. Investors shall acquire 11.998378% stake in the company through this transaction. The transaction will include participation from existing shareholders of the company including Intergis Co., Ltd. for 200,000 shares. On closing, Intergis Co., Ltd. will hold 33.33% stake in the company. The transaction has been approved by board of directors of the company. The subscription date starts and ends on July 21, 2016 and payment date is expected on July 21, 2016.