NVH Gloval Investment Holding Company announced a private placement of 18,050,000 shares at KRW 1,071 per share for gross proceeds of KRW 19,331,550,000 on March 21, 2018. The shares will be issued at par. The transaction will include participation from existing investor NVH Korea Inc. (KOSDAQ:A067570). The shares will be issued through allocation to shareholders method. The company will issue 4.5696203 new shares per one existing share. The transaction has been approved by board of directors of the investor. The transaction is expected to be completed by March 22, 2018.