Zungwon En-Sys Inc. (KOSDAQ:A045510) announced a private placement of 3,321,033 common shares at a price of KRW 2,710 for gross proceeds of KRW 8,999,999,430 on December 13, 2016. The transaction involved participation from Hattl Ltd. The shares have a face value of KRW 500 and will be issued at a premium. Post completion of the transaction, the number of issued shares will increase from 28,888,259 shares to 32,209,292 shares. The schedule listing date of the new shares is December 27, 2016. The shares have a lock up period of 1 year.