Daeyu Co., Ltd. (KOSDAQ:A290380) announced a private placement of 392,000 common shares at a price of KRW 12,756 per share for gross proceeds of KRW 5,000,352,000 on January 22, 2021. The transaction will include participation from funds managed by Mirae Asset Daewoo Co., Ltd. (KOSE:A006800) for 235,181 shares and N Cave Fund for 156,819 shares. The company will raise funds through third party allocation method.

The payment date is January 29, 2021. The transaction has been approved by the company's board. The shares are subject to a mandatory retention for one year.