Live Cell Instrument Co., Ltd. announced a private placement of 10,001 common shares at a price of KRW 500,000 for gross proceeds of KRW 5,000,500,000 on January 4, 2019. The transaction will involve participation from Derkwoo Electronics Co., Ltd (KOSDAQ:A263600). Post the transaction, the company will hold 50% stake in the company. The transaction will take place through third party capital increase. The transaction is expected to close on February 12, 2019.