BIOCND Inc. (XKON:A217950) announced a private placement of 554,632 common shares of par value KRW 500 at KRW 18,030 per share for gross proceeds of KRW 10,000,014,960 to Pharma Research Products Co., Ltd (KOSDAQ:A214450) on January 26, 2018. The common shares have a lock up period of 12 months. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on April 3, 2018