Posco Es Materials Co., Ltd. announced a private placement of 2,052,230 common shares at a price of KRW 19,491 per share for gross proceeds of KRW 40,000,014,930 on January 2, 2017. The transaction will involve participation from existing investor, POSCO (KOSE:A005490). Post the closing of the transaction the investor will hold 3,052,230 shares and 75.32% stake in the company.