INNO Instrument (China) Inc announced a private placement of equity shares for gross proceeds of KRW 8,936,000,000 on May 17, 2017. The transaction will involve participation from returning investor INNO Instrument Inc. (KOSDAQ:A215790). The transaction is expected to close on June 30, 2017. Post the closing of the transaction, the investor will hold 100% stake in the company. The company reported total assets of KRW 51,905,000,000, total liabilities of KRW 14,875,000,000, total capital of KRW 37,030,000,000, capital of KRW 9,048,000,000, revenue of KRW 70,588,000,000, and net income of KRW 17,384,000,000 for the year ended December 31, 2015. The transaction has been approved by the board of directors of the company.