DMD Technology Sdn. Bhd. announced that it will issue 7,500 common shares at a price of KRW 400,000 for gross proceeds of KRW 3,000,000,000 in an equity round of funding on March 27, 2019. The transaction will involve participation from returning investor The Hanryu Times Co., Ltd. (KOSDAQ:A039670). Post the transaction, the investor will hold 21,000 shares for 19.53% stake in the company. The transaction is expected to close on April 30, 2019. The transaction has been approved by the board of directors of the investor.