Hyunjin Materials co., Ltd. (KOSDAQ:A053660) announced a private placement of 46,583,850 common shares at an issue price of KRW 322 per share for gross proceeds of KRW 14,999,999,700 on March 30, 2020. The transaction will involve participation from Double UH Networks Co., Ltd. The shares have face value of KRW 500. The shares are issued at a premium of 10%. The shares issued in the transaction will have a hold period of 12 months from the date of issuance. The company will issue shares through third-party allotment method. Post the closing, the total number of shares issued by the company will increase from 53,201,003 shares to 99,784,853 shares. The payment date is June 30, 2020. The transaction has been approved by the board of directors of the company.