Pan Entertainment Co.,Ltd. (KOSDAQ:A068050) announced a private placement of 212,765 shares at an issue price of KRW 4,700 per share for gross proceeds of KRW 999,995,500 on March 14, 2016. The transaction will involve participation from individual investor Lee Ha-Joon. The company will raise funding through third party allotment method.

The payment date is March 15, 2016. The scheduled listing date of the shares is March 31, 2016. The shares to be issued will have a hold period of one year post closing.

The transaction has been approved by the board of directors of the company.