Ugint CO., Ltd. (KOSDAQ:A195990) announced a private placement of 22,000,000 shares at a price of KRW 651 for gross proceeds of KRW 14,322,000,000 on July 11, 2019. The company will issue shares through third party allotment method. The common shares have a face value of KRW 500 per share, and are being issued at premium. The transaction will include participation from Aug 1 Fund. All securities issued are subject to a hold period of one year. The transaction has been approved by the board of directors. The payment date of the transaction is August 23, 2019.