M Tech Inc. (KOSDAQ:A226350) announced a private placement of 6,230,530 common shares at a price of KRW 963 per share for gross proceeds of KRW 6,000,000,390 on December 10, 2019. The transaction will include participation from Sink Core Holdings. The shares issued in the transaction have a par value of KRW 500 per share. The security will be issued at premium. The transaction will take place through third party allotment. The securities are subject to a hold period of 1 year. The transaction was approved by the board of directors of the company. The transaction is expected to close on December 18, 2019.