Incross Co., Ltd. (KOSDAQ:A216050) announced a private placement of 154,686 common shares at KRW 38,963 per share for gross proceeds of KRW 6,027,030,618 on January 4, 2017. The transaction will include participation from returning investor NHN Entertainment Corp. (KOSE:A181710).

Upon completion of the transaction, the investor will hold 15.6% stake in the company. The company will issue securities through third party allocation method. The investment date is March 6, 2017.

The transaction was approved by the board of directors of the company. Upon completion of the transaction; the investor will hold 483,730 shares in the company.