MAXROTEC Co., Ltd. (KOSDAQ:A141070) announced a private placement of 6,140,000 common shares at a price of KRW 977 per share for gross proceeds of KRW 5,998,780,000 on February 10, 2021. The shares have a par value of KRW 500 per share. The transaction will include participation from new investor HB Holdings Co., Ltd. The company will receive funding through third party allotment of capital. The transaction has been approved by the board of directors of the company. The shares issued will be subject to restriction period of one year. The transaction is expected to close February 18, 2021.