Alti-electronics Co. Ltd. announced a private placement of 15,200,000 shares at a price of KRW 500 per share for gross proceeds of KRW 7,600,000,000 on June 26, 2017. The transaction will include participation from new investor, KD Construction Co., Ltd (KOSDAQ:A044180) for 79.3% stake in the company. Post the closing of the transaction, the number of shares will increase from 3,959,072 to 19,159,072. The shares are issued at par and through third party allotment method. The payment date is September 6, 2017. The company reported total assets of KRW 59,541,798,552 for the year ended December 31, 2016.