Kukil Graphene Co., Ltd. announced that it has issued 11,800,000 common shares for gross proceeds of KRW 5,900,000,000 on October 10, 2019. The transaction included participation from returning investor Kuk-Il Paper Mfg Co.,Ltd (KOSDAQ:A078130). The investor will continue to retain 100% stake in the company. The transaction has been approved by the board of directors of the company. The common shares that has been issued in the transaction represents 10.07% stake in the company.