Crown Pharm Co., Ltd. announced a private placement of 206,240 shares at a price of KRW 26,666.7 per share for the gross proceeds of KRW 5,499,740,208 with returning investor GL Pharm Tech Corp. (KOSDAQ:A204840) on January 24, 2018. Post the closing the investor holds 32.09% stake in the company. The shares are allotted by way of third party allotment method. The transaction has been approved by the board of directors of the investor. The company reported total assets of KRW 12,351,400,571 for the year ending of December 31, 2018.