MODE Tour Real Estate Investment Incorporated announced a private placement of 1,613,000 common shares at KRW 5,500 per share for gross proceeds of KRW 8,871,500,000 on February 13, 2015. The face value of the shares is KRW 5,000 per share. The company will issue the shares at a premium of 10%.

The transaction will include participation from new investors, Cruisepa, Munyoung Int Co.Ltd., and HERAZ INVESTER CO.,LTD. for 310,000 shares, 763,636 shares, and 539,364 shares respectively. The company will issue the shares via third party allotment. The payment date for the shares is expected on March 2, 2015.

The scheduled delivery date of new share certificates is expected on March 10, 2015. The transaction was approved by the board of directors of the company. The company reported total assets of KRW 53,059,031,654 for the year ended December 31, 2014.