FusionData Co.,Ltd (KOSDAQ:A195440) announced a private placement of 1,378,579 common shares at KRW 943 per share for gross proceeds of KRW 1,299,999,997 on January 14, 2019. The transaction will include participation from existing investor Samsung Gold Exchange Holding Co., Ltd. The company will issue shares through a third party allotment method. The total number of shares issued will increase from 27,204,743 to 28,583,322. The shares issued are subject to a one year hold period. The payment date is January 22, 2019. The transaction has been approved by the board of directors of the company.