CKH Food & Health Limited (KOSDAQ:A900120) announced a private placement of 6,341,506 shares at a price of KRW 358 per share for gross proceeds of KRW 2,270,259,148 on May 18, 2021. The transaction will include participation from WANG YUEREN. The transaction is expected to close on May 25, 2021. The transaction is approved by the board of directors of the company. The shares to be issued will have a hold period of one year. The company will receive funding through third party allocation.