Asiaetv, Inc. announced a private placement of 692,306 common shares at a price of KRW 2,600 for gross proceeds of KRW 1,799,995,600 on March 18, 2019. The transaction will include participation from PAXNet, Inc. (KOSDAQ:A038160) for 384,615 shares, BitPAX Co., Ltd. for 192,307 shares and from individual investor Sangwoo Park for 115,384 shares. The company will increase the capital through third party allotment method. The scheduled delivery date of new share certificates and scheduled listing date of new shares are April 11, 2019 and April 12, 2019 respectively. The payment date of the transaction is April 2, 2019. The transaction is approved by the board of directors of the company.