Happy Go Co., Ltd. announced a private placement of 6,505 common shares for gross proceeds of KRW 2,291,581,400 on August 28, 2017. The transaction involved participation from existing investor Gamma Nu Inc. (KOSDAQ:A192410). Post the closing of the transaction the investor will hold 26,020 shares in the company. Post the closing of the transaction the shares of the company will increase from 44,515 to 51,020. The transaction was approved by the board of directors of the company. The company reported total assets of KRW 34,259,563,169.