SELVAS Healthcare, Inc. announced a private placement of 907,323 registered redeemable convertible preferred shares at a price of KRW 7,715 for gross proceeds of KRW 6,999,996,945 on April 20, 2018. The transaction will involve participation from IBK-Eum Global Small Giant Promotion Fund 1, a fund managed by Eum Private Equity and Industrial Bank of Korea, Investment Arm. The company issued shares by third party allotment method. The transaction has been approved by the board of directors of the company. The securities issued in the transaction will be on a hold period of one year. The payment date is April 27, 2018.