ESA Co., Ltd. (KOSDAQ:A052190) announced a private placement of 4,780,876 common shares of par value KRW 500 for an issue price of KRW 1,255 per share gross proceeds of KRW 5,999,999,380 on January 21, 2020. The transaction will include participation from Redwood 1st Investment Association. The shares are being issued at premium. The transaction has been approved by the board of directors of the company. The company will issue shares through third party allocation method. The payment date of the transaction is February 7, 2020. The securities to be issued pursuant to the transaction are subject to a hold period of one year.