Nature & Environment Co., Ltd. (KOSDAQ:A043910) announced a private placement of 1,500,000 common shares at a price of KRW 2,675 per share for gross proceeds of KRW 4,012,500,000 on August 4, 2016. The transaction will include participation from Traum Investment Co., Ltd. for 600,000 shares and Kyungsim Seo for 225,000 shares. The shares will be issued by third party allotment. The shares will have a lock in period of one year. The transaction has been approved by the company's board of directors. The company expects to close the transaction on August 19, 2016. The shares will be issued at a discount of 10%.