Entermate Co.,Ltd. announced a private placement of 1,238,390 share at a price of KRW 1,615 per share for gross proceeds of KRW 1,999,999,850 on December 20, 2018. The transaction will include participation from returning investor, Wooriro Co., Ltd (KOSDAQ:A046970). The share will be issued at a premium.

Post the closing, the number of shares will increase from 44,197,443 to 45,435,833. The shares will be issued through third party allotment method. The shares will have a lock period of one year.

The subscription and payment date is December 19, 2018 and December 28, 2018. The transaction has been approved by the board of directors of the company.