D Dragon Games Co., Ltd. announced a private placement of 100,000 common shares at a price of KRW 20,000 per share for gross proceeds of KRW 2,000,000,000 on August 30, 2016. The transaction included participation from existing investor DOUBLEUGAMES Co., Ltd. (KOSDAQ:A192080). Post the closing, the capital of the company increased from KRW 50,000,000 to KRW 2,050,000,000.Post the closing; the investor retained its stake of 100% in the company. The transaction has been approved by the board of directors of the company.