Cheongye Travel Co., Ltd. announced a private placement of 10,408 common shares at a price of KRW 349,410 per share for gross proceeds of KRW 3,636,659,280 on August 28, 2017. The transaction involved participation from returning investor Gamma Nu Inc. (KOSDAQ:A192410). Post the closing of the transaction the investor will hold 41,634 shares. Post the closing of the transaction the shares of the company will increase from 71,226 to 81,634. The company reported total assets of KRW 2,666,000,000, total liabilities of KRW 4,724,000,000, total capital of KRW -2,058,000,000, capital of KRW 200,000,000, sales of KRW 19,332,000,000, and net loss of KRW 631,000,000 for the year ended December 31, 2016. The transaction has been approved by the board of the company.