HAISUNG Good Three Co.,Ltd. announced private placement of 19,200,000 equity shares at a price of KRW 500 per share for the gross proceeds of KRW 9,600,000,000 on November 3, 2017. The transaction will include participation from TPC Co., Ltd. (KOSDAQ:A130740). The securities will be issued through third parties participation.

The payment date is scheduled on November 27, 2017. The transaction was approved by investor's board of directors. The company reported total assets of KRW 50,633,000,000, total liabilities of KRW 41,947,000,000, revenue of KRW 18,227,000,000, and net loss of KRW 9,635,000,000 for the year ended December 31, 2016.