Nexpo Solar Co., Ltd. announced a private placement of 872,046 shares at the price of KRW 500 per share for gross proceeds of KRW 436,023,000 on November 15, 2019. The transaction will include participation from existing investor E1 Corporation (KOSE:A017940) which will continue to own 100% stake in the company. The transaction has been approved by the board of directors.