GIL Co., Ltd. announced a private placement of 312,500 shares at a price of KRW 16,000 for gross proceeds of KRW 5,000,000,000 on April 29, 2019. The transaction includes participation from new investor, NEPES AMC (KOSDAQ:A087730) for 51.02% stake in the company. The shares have increased to 612,500. The transaction has been approved by the board of directors of the company.