Mirae Corporation (KOSE:A025560) announced a private placement of 1,798,561 common shares at a price of KRW 2,780 per share for gross proceeds of KRW 4,999,999,580 on December 16, 2020. The transaction will include participation from returning investor POBIS TNC CO., Ltd (KOSDAQ:A016670). The shares has a par value of KRW 100 per share.

The company will raise the proceeds through third party allocation increase method. The shares carry a hold period of one year. The transaction has been approved by board of directors.

The payment date is December 24, 2020. The shares are expected to list on January 12, 2021.