Alti Electronic Inc. announced a private placement of 32,086,000 shares at KRW 500 per share for gross proceeds of KRW 16,043,000,000 with new investor, S&K Polytec Co., Ltd on August 27, 2015. The investor will acquire 34.86% stake of the company through the transaction. The transaction has been approved by the board of directors of the investor.

The investment date for the transaction is November 13, 2015. The company reported total assets of KRW 90,088,000,000, total liabilities of KRW 78,723,000,000, sales of KRW 89,856,000,000, and net profit of KRW 378,000,000 for the year ending December 31, 2014.