Yoesu Green Energy announced a private placement of 800,000 common shares at KRW 5,000 per share for gross proceeds of KRW 4,000,000,000 on May 31, 2016. The transaction will include participation from existing investors. The number of new shares allocated per existing share is 1. The transaction will include participation from existing investor, Namhae Chemical Corp; which will purchase 392,000 shares for gross proceeds of KRW 1,960,000,000 and other investors. Upon completion of the transaction; Namhae Chemical Corp. will retain 49% stake in the company. The scheduled subscription date will start and end on June 10, 2016. The payment date of the transaction is June 10, 2016. The transaction has been approved by the board of directors of the company.