ESA Co., Ltd. (KOSDAQ:A052190) announced a private placement of 1,418,826 common shares at a price of KRW 3,665 per share for gross proceeds of KRW 5,199,997,290 on January 4, 2018. The shares were issued at premium. The transaction was approved by the board of directors of the company. The shares were issued through third party allotment. The securities being issued are subject to a lock in period of 1 year. The transaction included participation from Jaycon Investment Fund.