Chin Yang Moolsan Co., Ltd. announced a private placement of 312,500 common shares at a price of KRW 16,000 per share for gross proceeds of KRW 5,000,000,000 on June 11, 2018. The transaction will include participation from the returning investor Chinyang Holdings Corp. (KOSE:A100250). The shares will have a face value of KRW 5,000 and will be issued at a premium. The investor will continue to hold 100% stake in the company after the transaction. The transaction was approved by the board of directors of the investor. The transaction is expected to close by June 19, 2018.