Y-Optics Manufacture Co., Ltd. (KOSDAQ:A066430) announced a private placement of 1,843,316 shares at the price of KRW 10,850 per share for gross proceeds of 19,999,978,600 on August 12, 2019. The transaction included participation from new investor MK Network Co., Ltd. who will acquire 921,658 shares and Pandada Ivy Corporation who will acquire 921,658 shares. The par value of share is KRW 500. The share will be held for 1 year lock in period. The capital increase will be done through third party allocation. The transaction has been approved by the board of directors of the company. The date of payment would be September 30, 2019 for first tranche for half shares and Oct 14, 2019 for final tranche of half shares. The scheduled listing date of shares will be October 31, 2019.