HUVEXEL Co.,Ltd. (XKON:A212310) announced a private placement of 3,600,000 shares at an issue price of KRW 500 per share for gross proceeds of KRW 1,800,000,000 on December 17, 2019. The par value of the shares issued is KRW 500 per share. The company will raise funds through third party allocation method. The date of payment is December 20, 2019. The transaction has been approved by the board of directors of the company. The shares issued will carry a hold period of 1 year.