Castec Vina Co., Ltd announced a private placement of shares for gross proceeds of KRW 27,141,600,000 with returning investor Castec Korea Co.,Ltd (KOSDAQ:A071850) on August 24, 2017. The transaction is expected to close on November 30, 2018. The transaction has been approved by board of directors of the company. The investor will retain its 100% stake in the company. The company reported total assets of KRW 26,301,000,000, total liabilities of KRW 8,016,000,000, total capital of KRW 18,285,000,000, capital of KRW 18,589,000,000 and net loss of KRW 506,000,000 for the year ended December 31, 2016.