ED Co., Ltd. (KOSDAQ:A033110) announced a private placement of 343,642 common shares at an issue price of KRW 873 per share for gross proceeds of KRW 299,999,466 on August 16, 2018. The transaction will involve participation from Yoon, Jonggeun. The shares will be issued at a premium and will be allotted through third party allotment method. The company is having 62,970,326 shares before increasing capital. The transaction is expected to close on August 24, 2018. The shares issued in the transaction are subject to a lock up period of one year. The transaction was approved by the board of directors the company.