Mirae Technology Co., Ltd. (KOSDAQ:A213090) announced a private placement of 620,788 common shares at KRW 11,276 per share for gross proceeds of KRW 7,000,005,488 on December 8, 2017. Each share has a face value of KRW 500 and will be issued at premium. The transaction will include participation from new investor Corstone Growth Strategy M&A Private Equity Fund, fund managed by Corstone Asia Co., Ltd. The payment date for the shares is expected on January 12, 2018. The transaction has been approved by board of directors of the company. The shares will be issued through third party allotment method. The securities being issued are subject to a lock up period of one year. As of December 27, 2017, the payment date has been changed to December 28, 2017. The scheduled listing date of new shares is January 10, 2018.