Nuvotec Co. Ltd. (KOSDAQ:A060260) announced a private placement of 2,250,000 commons shares at a price of KRW 2000 per share for the gross proceeds of 4,500,000,000 on June 29, 2018. The shares are being issued at a premium. The shares will be issued through third party allotment. The transaction will include participation from Daeil Advanced Materials Co., Ltd. for 500,000 shares and Sangho Plastic Co., Ltd for 1,750,000 shares. The shares will be subject to a hold period of 3 years. Post the closing of the transaction the shares will increase from 24,613,919 to 26,863,919. The payment date is July 16, 2018. The transaction has been approved by the board of directors.