INSUN Environmental New Technology Co., Ltd. (KOSDAQ:A060150) announced private placement of 8,067,305 Insun E&T common stock at a price of KRW 8,677 per share for gross proceeds of KRW 70,000,005,485 with existing investor IS DongSeo Co., Ltd. (KOSE:A010780) on September 14, 2020. The expected payment date is October 26, 2020. The shares to be issued are subject to lock in of 1 year.

The company will issue securities on third party allocation basis. The transaction has been approved by the board of directors of the company.