Hanguk Airro Co., Ltd announced a private placement of 5.700 shares at a price of KRW 35,000 for gross proceeds of KRW 199,500,000 on October 23, 2017. The transaction will involve participation from new investor EcoBio Holdings Co., Ltd. (KOSDAQ:A038870). Post the closing of the transaction, the investor will hold 2.31% stake in the company. The transaction has been approved by the board of directors of the investor. The company reported total assets of KRW 11,895,000,000, total liabilities of KRW 6,714,000,000, total capital of KRW 5,180,000,000, capital of KRW 1,055,000,000, revenue of KRW 7,755,000,000, and net profit of KRW 414,000,000 for the year ended December 31, 2016.