BDI CO., LTD. (KOSDAQ:A148140) announced a private placement of 1,855,287 common shares of face value KRW 500 per share at an issue price of KRW 5,390 per share for gross proceeds of KRW 9,999,996,930 on October 30, 2020. The transaction will include participation from returning investor Syngman Ahn. The share are being issued at a discount of 10% to the base price. The company will issue shares using third party allocation method. All securities to be issued pursuant to the transaction are subject to a hold period of one year. The transaction was approved by the board of directors of the company. The transaction is expected to close on November 30, 2020.