Global Display Co.,Ltd. announced that a private placement of 27,000,000 common shares at a price of KRW 500 per share for gross proceeds of KRW 13,500,000,000 on March 8, 2019. The transaction will include participation from new investor U.I.Display Co.,Ltd. (KOSDAQ:A069330) for a stake of 59.07% in the company. The transaction was approved by the board of directors of the investor.