WFM, Inc. (KOSDAQ:A035290) announced a private placement of 782,779 common shares at a price of KRW 2,555 per share for gross proceeds of KRW 2,000,000,345 from Vanessa H Co., Ltd. on December 3, 2018. The common shares have a face value of KRW 500 per share and will be issued at premium. The common shares will be issued through a third party allotment method. All shares are subject to a one year hold period. Post the closing of the transaction, the number of shares will increase from 22,761,247 to 2,000,000,345. The payment date is December 10, 2018. Eligibility date for dividend payout of new shares is January 1, 2019. Scheduled delivery date of new share certificates is January 9, 2019. Scheduled listing date of new shares is January 10, 2019. The transaction is approved by the board of directors of the company.