Chinyang AMC Co. Ltd. announced a private placement of 200,000 common shares of par value KRW 5,000 at KRW 50,000 per share for gross proceeds of KRW 10,000,000,000 from returning investor Chinyang Holdings Corp. (KOSE:A100250) on April 16, 2018. The transaction has been approved by the board of directors of the company. The transaction is expected to close on May 2, 2018.