LG Innotek Vietnam Haiphong Co., Ltd announced a private placement of common shares for gross proceeds $140,000,000 on January 23, 2018. The transaction will include participation from existing investor LG Innotek Co., Ltd. (KOSE:A011070) to retain its 100% stake in the company. The total equity capital in the company is $175,000,000. The transaction has been approved by the board of directors of the company. The transaction is expected to complete by December 31, 2018.