UI Trans Corporation announced a private placement of 1,220,000 common shares at KRW 5,000 per share for gross proceeds of KRW 6,100,000,000 with existing shareholders on August 19, 2014. The shares will be issued at face value. The company will allocate 0.1185617 new shares for every existing share held.

The subscription period will start and end on September 1, 2014. The payment date will be September 1, 2014. The transaction has been approved by board of directors of the company.