DPECO Co.,Ltd. (XKON:A163430) announced a private placement of 650,000 common shares of par value KRW 500 per share at an issue price of KRW 1,515 per share for gross proceeds of KRW 984,750,000 from DPECO Holdings Co., Ltd. on January 28, 2019. The shares will be issued through 3rd party allotment method. The securities issued in the transaction will be subject to a lock up period of one year. Post the transaction, the registered capital of the company will increase from 2,355,750 to 3,005,750. The transaction was approved by the board of directors of the company. The transaction is expected to close on February 20, 2019.