Y-Optics Manufacture Co., Ltd. (KOSDAQ:A066430) announced a private placement of 434,258 shares at a price of KRW 4,145 per share for gross proceeds of KRW 1,799,999,410 on April 22, 2017. The transaction will include participation from Hyun-Gyu Yeom for 241,255 shares and Pilryeo Park for 193,003 shares. The company has issued a total of 10,459,630 shares before this transaction. The payment date of the transaction is May 31, 2017. The securities are subject to a lock up of one year and will be listed on June 16, 2017. The securities will be issued by way of third party allotment. The transaction has been approved by the board of directors of the company.