JW CreaGene Co., Ltd. announced a private placement of 312,500 common shares at KRW 80,000 per share for gross proceeds of KRW 25,000,000,000 on February 10, 2017. The transaction included participation from returning investor JW Shinyak Corporation (KOSDAQ:A067290). The investor holds 70.86% stake in the company. The transaction has been approved by the board of directors of the investor.