DIOSTECH Co.,Ltd (KOSDAQ:A196450) announced a private placement of 62,162,162 common shares of par value KRW 200 at a price of KRW 370 per share for gross proceeds of KRW 22,999,999,940 on January 4, 2021. The transaction will include participation from Co-Asia Cape No. 1 New Technology Business Fund. The transaction has been approved by the board of directors of the company. The share are being issued through a third party allotment and are being issued at premium of 10%. The payment date for shares is January 12, 2021. The shares are subject to a lock-up period of 1 year.