RYUK-IL C&S., Ltd announced a private placement of 2,360,160 registered redeemable convertible preferred shares at a price of KRW 4,237 per share for gross proceeds of KRW 9,999,997,920 on October 5, 2018. The transaction will involve participation from new investor KDB Small and Medium Enterprise Mezzanine Private Investment Partnership Corporation. The transaction will take place third party allotment. The shares have a face value of KRW 500 and will be issued at premium, the shares will be issued after discount of 10% on theoretical ex-rights share price. The redemption period of the shares will start from October 16, 2021 and end on October 16, 2028. The conversion period of the shares will start from October 16, 2019 and end on October 16, 2028. The company has 9,363,022 issued common shares. The shares are subject to a hold period of 1 year. The transaction is expected to close on October 15, 2018. The transaction has been approved by the board of directors of the company.