HD Co., Ltd. (KOSDAQ:A102210) announced a private placement of 12,500,000 shares at the price of KRW 990 per share for gross proceeds of KRW 12,375,000,000 on February 22, 2021. The transaction will include participation from Beanie Co., Ltd. The shares will be issued at face value of KRW 100 per share. The shares would be issued through third party allotment method and will have lock in period of one year. The transaction is expected to close on April 15, 2021. The total number of issued shares are 73,696,405 shares.