Sunjin Farmsco Co.,Ltd. announced a private placement of 300,000 shares at a price of KRW 5,000 per share for gross proceeds of KRW 1,500,000,000 on January 2, 2019. The transaction included participation from returning investor Harim Holdings Co., Ltd. (KOSDAQ:A003380) to retain its 100% stake in the company. The transaction has been approved by the board of directors of the investor. Post closing of the transaction, the capital of the company increased from 200,000 shares to 500,000 shares.