Chin Yang Moolsan Co., Ltd. announced a private placement of 312,500 common shares at a price of KRW 16,000 per share for gross proceeds of KRW 5,000,000,000 on October 29, 2018. The transaction will include participation from the returning investor Chinyang Holdings Corp. (KOSE:A100250) to retain its 100% stake in the company. The shares will be issued at premium. The number of shares will increase from 6,797,500 shares to 7,110,000 shares. The transaction was approved by the board of directors of the investor. The transaction is expected to close by November 7, 2018.