Natural F&P, Inc. announced a private placement of 444,444 common shares and 444,444 convertible preferred stock at KRW 4,500 per share with new investor SBI Investment Korea Co., Ltd. for gross proceeds of KRW 3,999,996,000 on December 4, 2014. The securities being issued carry a par value of KRW 500 per share and will be issued at premium of KRW 4,000 per share. The securities will be issued through third party allocation. The payment date for the transaction is December 19, 2014. The scheduled delivery date of the shares to the investors is January 5, 2015. The transaction has been approved from the board of directors of NRD Co., Ltd. The company reported total assets of KRW 39,916,000,000, total liabilities of KRW 36,152,000,000, total stockholder's equity of KRW 3,764,000,000, sales revenue of KRW 31,785,000,000, net loss of KRW 380,000,000 for the year ended December 31, 2013.

On December 18, 2014, the company amended the terms of the transaction. The company will now issue 888,888 common shares for KRW 3,999,996,000 to SBI-growth Growth Ladder KONEX Vitalization Fund, a fund managed by SBI Investment Korea Co., Ltd. (KOSDAQ:A019550). The shares to be issued have lock in period of one year.