Sangsuk Hojung Auto Parts Co., Ltd. announced a private placement of common shares for gross proceeds of KRW 619,135,000 on February 25, 2019. The transaction will involve participation from returning investor HanJung Natural Connectivity System.Co.,Ltd (XKON:A107640). The company will receive KRW 225,140,000 in the first tranche on March 31, 2019 and KRW 393,995,000 in the second tranche on June 30, 2019. The transaction was approved by the board of directors. Post the closing of the transaction, the investor will hold 100% stake in the company.