West Coast Quartz Corporation announced a private placement of 3,125,000 common shares at KRW 2,267 per share for gross proceeds of KRW 7,084,375,000 from existing investor, Worldex Industry & Trading Co., Ltd. on August 11, 2015. The investor holds 100% stake of the company on closing of the transaction. The transaction included participation from investor on the basis of 0.226039783 shares for every one existing shares held.

The transaction has been approved by the board of directors of the company and investor. The company generated total assets of KRW 53,479,000,000, total liabilities of KRW 42,811,000,000, total capital of KRW 10,669,000,000, capital of KRW 6,487,000,000, sales of KRW 48,042,000,000, and net loss of KRW 9,726,000,000 for the year ended December 31, 2014.