Vitzrosys. Co., Ltd (KOSDAQ:A054220) announced a private placement of 2,750,000 shares at a price of KRW 2,000 for gross proceeds of KRW 5,500,000,000 on November 6, 2020. The company will raise funding through third party capital increase. The payment date is November 16, 2020. The transaction has been approved by board of directors of the company. The transaction will include participation from Woosu Precision Co.,Ltd. The securities issued are subject to hold period of one year from issuance.