ADM21 Co., Ltd. announced a private placement of 8,107,300 common shares at KRW 500 per share for gross proceeds of KRW 4,053,650,000 on December 2, 2015. The transaction will include participation from new investors, Namsun Aluminum Co. Ltd., Woobang Industrial Co., Ltd., and Sanbon Department Store Co., Ltd. As part of the transaction, the investors will acquire 34% stake in the company.

The investment date for the transaction is February 29, 2016. The transaction has been approved by the board of directors of Namsun Aluminum Co. Ltd.