Daesung Eltec Co., Ltd. (KOSDAQ:A025440) announced a private placement of 359,195 common shares of face value of KRW 500 per share and issue price of KRW 1,392 per share for gross proceeds of KRW 499,999,440 on May 3, 2018. New investor Sunghyo Shin will subscribe to 359,195 shares in the transaction. The transaction has been approved by the board of directors of the company. The shares will be issued be issued through third party allotment. The payment date is May 11, 2018. Eligibility date for dividend payout of new shares is January 1, 2018, scheduled delivery date of new share certificates is May 25, 2018, and the scheduled listing date of new shares is May 28, 2018. The securities issued will be subject to a lock up of one year.