Cosmolink Co., Ltd. announced a private placement of 2,400,000 common shares at KRW 5,000 per share with new investor, MB Shiroyama Co., Ltd. for gross proceeds of KRW 12,000,000,000 on December 18, 2012. The shares will be issued by third party allocation. The investor will acquire 76.76% stake in the company.

The company had total assets of KRW 64,421,000,000, total revenues of KRW 190,150,000,000, and net loss of KRW 1,255,000,000 in 2011. Samjong KPMG Advisory Inc. served as financial advisor to the company.