Digital Optics Co., Ltd. (KOSDAQ:A106520) announced a private placement of 1,772,020 common shares at an issue price of KRW 9,650 per share for gross proceeds of KRW 17,099,993,000 on January 6, 2016. The transaction will involve participation from Kai Sun International Group Limited. The face value of the shares to be issued is KRW 500 per share which are being issued at premium.

The company will issue shares through third party allotment method. The transaction has been approved by the board of directors of the company. The shares to be issued will have a hold period of one year, post the closing.

The payment date is January 21, 2016. The total number of shares issued are 17,257,132 shares.