Seoul Feed Co., Ltd. announced a private placement of 36,166,366 common shares at KRW 1,106 per share for gross proceeds of KRW 40,000,000,796 on November 27, 2015. Each share to be issued will have a par value of KRW 500. The transaction will include participation from existing shareholders of the company.

The company will issue 1.19 shares for each share held by the investor. The subscription period will start and end on November 30, 2015. The payment date for the transaction is December 4, 2015.

Pursuant to the transaction, the investors will acquire a stake of 54.3379% in the company. The transaction has been approved by the board of directors of EASY BIO, Inc.