Kishin Megatec Co. Ltd. announced a private placement of 360,000 common shares at a price of KRW 50,000 per share for gross proceeds of KRW 18,000,000,000 on January 29, 2019. The transaction will include participation from Kishin Corporation (KOSE:A092440). The transaction was approved by the board of directors of the company. The transaction is expected to close on February 11, 2019. The company will allot 0.92308 per 1 existing share.