Deca System Inc. (XKON:A183410) announced a private placement of 5,000,000 shares at a price of KRW of 500 per share for gross proceeds of KRW 25,000,000,000 on April 23, 2018. The transaction will involve participation from GOLFZON NEWDIN HOLDINGS Co., Ltd. The payment date is May 4, 2018. The transaction has been approved by the board of directors of the company.

The securities issued in the transaction will have a hold period of one year.