ESA Co., Ltd. (KOSDAQ:A052190) announced a private placement of 7,792,206 common shares of par value KRW 500 at an issue price of KRW 3,850 for gross proceeds of KRW 29,999,993,100 on November 11, 2019. The shares will be issued at 10% discount. The shares will be issued through third party allotment method. The transaction will include participation from Mask Entertainment and Productions Co Ltd. and Drexler Pte Ltd for 3,896,103 shares each. The securities issued in the transaction will be subject to a lock up period of one year. The transaction was approved by the board of directors of the company. The transaction is expected to close on December 20, 2019.