CJ Hello Vision Youngseo Broadcasting Network Co., Ltd. announced a private placement of 498,000 common shares at KRW 5,000 per share for gross proceeds of KRW 4,980,000,000 with existing investor, CJ Hellovision Co., Ltd. on June 20, 2014. The investor will hold 100% stake on completion of the transaction. The transaction has been approved by board of directors of the company.