Alti-electronics Co. Ltd. announced a private placement of 16,200,000 shares at price of KRW 500 per share for the gross proceeds of KRW 8,100,000,000 and corporate debenture of worth KRW 8,100,000,000 for total gross proceeds of KRW 16,200,000,000 on December 14, 2017. The bond carries interest rate of 5% per annum. The transaction will involve participation from KD Construction Co., Ltd (KOSDAQ:A044180). The scheduled payment date is January 24, 2018. The shares will be issued through third party allotment method. The company reported total assets of KRW 59,541,798,552 for the year ended December 31, 2016. The transaction was approved by investor’s board of directors