Development Advance Solution Co., Ltd. (KOSE:A058730) announced a private placement of 2,697,330 common shares at an issue price of KRW 2,000 per share for gross proceeds of KRW 5,394,660,000 on November 23, 2020. The shares have face value of KRW 500. The shares are issued at a premium of 300%. The company will issue shares through shareholder allotment method. Post the closing, the total number of shares issued by the company will increase from 1,139,500 shares to 3,836,830 shares. The payment date is December 29, 2020. The transaction has been approved by the board of directors of the company.