Nano Chem Tech Inc. (KOSDAQ:A091970) announced a private placement of 2,375,296 shares at a price of KRW 1,263 per share for gross proceeds of KRW 2,999,998,848 on March 25, 2020. The transaction will include participation from Lee Sang Gyu. The transaction is expected to close on May 25, 2020. The transaction was approved by board of directors of the company. The company issued shares through third-party allotment method and have a lock up period of one year.