Castec Vina CO., Ltd. announced a private placement of shares for gross proceeds of KRW 5,551,000,000 with returning investor Castec Korea Co.,Ltd (KOSDAQ:A071850) on October 1, 2018. The transaction is expected to close on October 1, 2019. The transaction has been approved by board of directors of the company. The investor will retain its 100% stake in the company. The company reported total assets of KRW 31,380,000,000, total liabilities of KRW 14,116,000,000, total capital of KRW 17,264,000,000, capital of KRW 20,830,230,988, revenue of KRW 1,749,000,000 and net loss of KRW 1,189,000,000 for the year ended December 31, 2017.