Kyung Nam Pharm HealthCare Co.,Ltd announced a private placement of 1,937,045 common shares of par value of KRW 100 each at a price of KRW 2,065 per share for gross proceeds of KRW 3,999,997,925 on July 12, 2021. The company is raising funding through third party allocation. The transaction will include participation from returning investors Blueberry NFT CO.,LTD for 677,966 shares and Kyung Nam Pharm Co.,Ltd for 1,259,079 shares.

The transaction has been approved by the board of directors of the company. The transaction is expected to close on July 20, 2021 and expected listing date is August 9, 2021. All securities issued will be subject to a hold period of one year.