Maxrotec Co., Ltd. (KOSDAQ:A141070) announced a private placement 2,558,000 shares at a price of KRW 1,955 per share for gross proceeds of KRW 5,000,890,000 on November 23, 2020. The shares will be issued at premium of 10% per annum. The company will issue the shares via third party allotment to Hello World Entertainment Co., Ltd. The shares that are being issued will have a hold period of one year from the date of issuance. The transaction was approved by the board of directors of the company. The transaction is expected to close on December 15, 2020.