Kosun Bio Co., Ltd. (KOSDAQ:A204990) announced a private placement of 1,086,957 common shares at an issue price of KRW 920 per share for gross proceeds of KRW 1,000,000,440 on December 27, 2019. The transaction will involve participation from returning investor Kwak Young Kwak. The shares will be issued through third party allotment, will carry a face value of KRW 920, and will be issued at par. Post closing of the transaction, the shares of the company will increase from 31,942,923 to 33,029,880 shares. The transaction is expected to close on January 15, 2020. The transaction was approved by the board of directors of the company.