Medipromi Co., Ltd. announced a private placement of 26,000 shares at a price of KRW 4,600 per share for gross proceeds of KRW 127,400,000 on February 23, 2018. The transaction will include participation from Jeil Technos Co.,Ltd (KOSDAQ:A038010) to acquire 18.46% stake in the company. The transaction is expected to close on February 26, 2018.